Finance

The World Tourism Organization, UNWTO, highlighted the success of the work carried out by the Dominican Republic to increase the arrival of tourists, demonstrating its growth as a leading destination in the region. Zurab Pololikashvili, Secretary General of the UNWTO, especially congratulated the President of the Republic, Luis Abinader, and the Minister of Tourism, David … Read more

Santo Domingo.- The Dominican Republic-Central America-United States Free Trade Agreement (DR-CAFTA) continues to be a topic of debate in the country, especially with regard to its potential impact on Dominican agricultural producers, including those in the rice and livestock sectors. The Minister of Industry, Commerce and MSMEs (MICM), Víctor “Ito” Bisonó, stated that the government … Read more

Santo Domingo.- Hoteles Catalunya has recently sold its Cabeza de Toro golf course, in the eastern part of the Dominican Republic, to a Colombian Hispanic group. The new owners plan to expand the golf course to 18 holes and undertake a major real estate development project in its surroundings, called Coral Golf. Coral Golf aims … Read more

The Reserve Bank of the Dominican Republic recently participated in the World Travel Market 2023 tourism fair. The aim was to establish direct contact with leading hotel chains worldwide and attracting new investments to the country’s tourism sector. The annual event brings together senior executives from hotel groups. It provides a platform to expand networks, … Read more

Santo Domingo.- ALTIO, Investment Fund Management Company, achieved an important milestone by successfully launching the first “Fund of Funds” in the country. It captured 100% of the participation fees of its initial tranche, accumulating a total of US$6,000,000.00 during the placement period that began on October 31. Raúl Hoyo, Chairman of the Board of Directors … Read more

The 2024 Annual Meetings of the Assemblies of Governors of the Inter-American Development Bank (IDB) and IDB Invest are scheduled to take place in Punta Cana, Dominican Republic, from March 6 to 10, 2024. The Assemblies of Governors are the highest authority in charge of the governance of the IDB and IDB Invest. Governors are … Read more

MIAMI.- The Reserve Bank reached an important milestone on Monday with the inauguration of a representative office in Miami, Florida. This expansion of services to the Dominican community living abroad marks the third establishment of its kind, joining existing offices in Madrid and New York. The opening ceremony was led by Vice President of the … Read more

Santo Domingo.- Dominican merchants are increasingly concerned about current border issues with Haiti. They have proposed the creation of a free trade zone on the border to facilitate trade and protect local products. Iván García, president of the Dominican Federation of Merchants (FDC), emphasized the need for necessary infrastructure that allows Haitians and merchants from … Read more

Santo Domingo—The US dollar is trading this Friday at RD$56.95, a percentage difference of 0.05% compared to RD$56.92 the previous day. The Central Bank of the Dominican Republic set the exchange rate of the peso against the US dollar for today as follows: Buy: $56.6623 Sale: 56.9580 US$

Punta Cana: The Government has announced that for the week of November 4 to 10, the price of fuels will remain unchanged, except for avtur and kerosene which will increase. Avtur will increase by RD$ 1.94 pesos and kerosene will increase by RD$ 2.30 pesos. On the other hand, fuel oil #6 will decrease by … Read more