IlluMyFi

Economist Magín Díaz said Friday that there is no risk of an exchange rate crisis because the Central Bank has 15 billion in reserves and has credibility. “Hector Valdez Albizu comes out one day and says “this is not going to move,” and it is not going to move because he controls expectations,” he explained. Diaz, former head of the General Directorate of Internal Taxes, understands that the Central Bank manages the dollar situation in the country. “There is never a shortage; if you go and look for it, there is always a price at which it is sold at a higher price now the Central Bank, with the exchange rate what it does is that it tries to make the price move slowly,” he said. The expert revealed that […]

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28.12.24 02:15

by dominicantoday.com

Dominican Republic was one of the countries with the highest employment growth

The Dominican Republic was one of the countries in the region that had the highest employment growth in the first half of 2024, according to the report: Preliminary Overview of the Economies of Latin America and the Caribbean 2024, by the Economic Commission for Latin America and the Caribbean (ECLAC). According to the research, at the country level, the information available for the first half of 2024 indicates that employment increased in 11 countries in Latin America and the Caribbean, where increases in employment of more than 4% in Bolivia (4.7), Chile (4.6) and the Dominican Republic (5.7) stand out, as well as decreases of more than 1% in Costa Rica and Peru. “Ecuador, Trinidad and Tobago, Costa Rica and Peru experienced a contraction,” he says. In Bolivia, Chile and [...]

Bolivia