Are you looking for the latest news and updates on finance in the Dominican Republic? Our “Dominican Republic Finance” category provides up-to-date information on topics like banking, taxes, investing, and more. Stay informed with our comprehensive coverage of the financial landscape of the Dominican Republic, including expert analysis and information on the country’s economic trends and policies. From local business developments to global market updates, our category is your go-to source for all things finance in the Dominican Republic.
Guillermo Caram Santo Domingo—The former governor of the Central Bank, Guillermo Caram, reported this Friday that the dollar increased the satisfaction of the demand for imports, which led to a reactivation of the economy. “This increase in demand for the dollar is a real manifestation of the economy that we are satisfying more needs with … Read more
Santo Domingo.- The Legal Consultant of the Executive Branch, Antoliano Peralta, has announced that a “more voluminous gazette” is being prepared for the publication of the new contract for Dominican Airports Siglo XXI (Aerodom). This special edition is necessary due to the extensive content and annexes of the contract. The contract, which was approved by … Read more
Pedernales.- Samuel Pereyra, General Administrator of Banreservas, has congratulated the ITM Group and President Luis Abinader for the inauguration of the first phase of the Port Cabo Rojo tourist port in Pedernales. He highlighted the important contribution of Banreservas for US$37 million in financing for the construction, development and operation of this maritime terminal. Pereyra … Read more
Santo Domingo.- Standard & Poor's (S&P Global) reaffirmed the credit rating of the Dominican Republic at “BB with stable outlook.” This decision reflects the country's strengthened government institutions and ability to sustain high rates of economic growth, better fiscal planning and better public debt management. In December 2022, the credit rating of the Dominican State … Read more
Santo Domingo.- The Central Bank of the Dominican Republic has issued a clarification regarding the exchange rate of the US dollar. As of January 4, the correct rates are RD$58.6347 for sale and RD$58.3133 for purchase. This announcement comes after a confusion caused by the search engine Google, which incorrectly recorded the exchange rate as … Read more
Santo Domingo.- Throughout 2023, the Dominican Republic faced challenges due to the high cost of essential products, influenced by global events outside of local control. The COVID-19 pandemic, which affected the world from early 2020 to 2022, and the war between Russia and Ukraine started in February 2022, impacted the global economy, increasing freight costs … Read more
Santo Domingo—Arajet, the Caribbean low-cost airline, was recognized as the company of the year in Latin America by the digital publication Latinvex, which highlights the airline's growth since the beginning of its operations. The recognition was granted due to the strong growth of Arajet and the exponential development it presents with the announcement of new … Read more
Veron. Luis Gonzalez Castro Mena has been sewing, mending and making clothing in Verón-Punta Cana for 34 years. Although he does not have his own business, he fights every day to get ahead with his colleagues. González started sewing in 1989 and has supported her entire family with the machine. “For me, sewing is more … Read more
Santo Domingo.- The Ministry of Industry, Commerce and MSMEs (MICM) of the Dominican Republic and the European Chamber of Commerce signed a Memorandum of Understanding, a significant step to improve investment, knowledge exchange and commercial links between the Dominican Republic and the private sector of the European Union. The agreement, signed by the president of … Read more
Miami.- There is a new regional player in Latin American aviation: Arajet, a low-cost company started in the Dominican Republic in September 2022. The airline now flies to 23 destinations in 16 countries in the North, Center, and South America. Bain & Co and alternative asset management company Griffin Global Asset Management are financial partners. … Read more