International Reserves in Dominican Republic
Dominican Republic - International ReservesMomentum seemingly eased in Q1 2022, in part due to a tougher base effect. Economic activity moderated in annual terms in January–March amid a record-breaking wave of Covid-19 cases in January and associated restrictions. Moreover, a year-on-year fall in remittances and elevated inflation in Q1 should have dented private spending. However, late February’s scrapping of all pandemic-related restrictions for citizens should have cushioned household consumption’s fall. In addition, the tourism sector remained robust, with annual growth in visitor arrivals in Q1 picking up on an annual basis. Turning to Q2, domestic conditions remained muted: Economic activity grew at a 15-month low in April. Lastly, the IMF concluded its Article IV consultation in the country on 16 May. The Fund heralded the country’s resilience to external shocks thanks to sound fiscal policy.
Dominican Republic - International Reserves Data
|International Reserves (USD)||5.3||6.0||6.8||7.6||8.8|
5 years of economic forecasts for more than 30 economic indicators.
Dominican Republic International Reserves Chart
Source: Dominican Republic Central Bank and FocusEconomics calculations
Dominican Republic Facts
|Exchange Rate||52.96||0.80 %||Jan 01|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
December 1, 2022
Economic activity increased 3.8% compared to the same month of the previous year in October, which was a deterioration from September’s annual 4.8% increase.
November 30, 2022
At its 30 November meeting, the Central Bank of the Dominican Republic (BCRD) opted to keep the policy rate unchanged at 8.50%, halting its monetary policy tightening cycle.
November 3, 2022
Inflation came in at 8.2% in October, down from September’s 8.6%.
October 31, 2022
At its 31 October meeting, the Central Bank of the Dominican Republic (BCRD) delivered another 25 basis point hike, raising its policy rate to 8.50%.
October 25, 2022
Economic activity increased 4.8% compared to the same month of the previous year in September, which was a deterioration from August's annual 5.4% increase. Consequently, annual average economic activity growth moderated to 6.8% in September (August: +7.3%), which marked an over one-year low. Lastly, on a seasonally-adjusted month-on-month basis, activity slid 0.2% in September, which was a deterioration from the prior month’s 1.3% expansion.