Guillermo Caram explains the current situation of the dollar’s price 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 imports and forces us to look at how we can reactivate the economy so that there are more,” he explained.

Caram also ruled out expectations of change in the country's political economy.

“The president seems very satisfied with his economic policy in general and I do not perceive any initiative for change in the public administration,” he stated.

He described the year 2024 as a challenge “because we have just had moderate economic growth for the first time in many years, and we are going into an election year in which there is a propensity to spend.”

“I see the government accelerate many provisions that have been on the table for a long time. For example: the issue of advertising, the regulation of administrative processes, among others,” he added.

Regarding Luis Abinader's mandate, the economist believes that the change from the Dominican Liberation Party (PLD) to the Modern Revolutionary Party (PRM) “was worth it.”

“I supported Abinader in 2012, 2016, 2020 and now I am going to support him. “I think the change was worth it because above all what would have happened if Abinader had not won when we have seen what is happening in the justice system,” he concluded.

These statements were offered in the program Uno + Uno, which is broadcast on channel 2 of TeleAntillas.


Leave a Comment

Punta Cana Today, Real Estate Market News