New system for buying dollars
The treasurer of the Central Bank, Yamileth García has announced that in March 2019, the Central Bank will begin the testing of a new automated platform for the sale of foreign currency. The automated system is being implemented to avoid duplicate requests for dollars along with other situations that create distortions in the currency exchange market, and which have obliged commercial banks to restrict the amount of currency available from their bank cashiers. García expects the platform to be operational by mid-year.
On the same topic, the deputy manager of the Central Bank, Frank Montaño shared that the Central Bank is looking for ways to improve the sale of dollars as some clients have expressed concerns some financial institutions limit the sale of dollars to a maximum of US$1,000 to US$2,000 per day per client from the bank tellers. He reiterated that there was no scarcity of dollars. Montaño explained that the Central Bank had around US$1.6 billion available in cash for sale, but that the problem was that certain agencies and foreigners would send different people, even their employees to buy US$10,000 per person. The ploy is to avoid having to pay the premium charged by banks for amounts larger than US$2,000 per day per client.
Source: DR1, DiarioLibre
Jan 25, 2019
Category: DR News |