International Reserves in Dominican Republic
Dominican Republic - International ReservesGrowth was strong in Q3, albeit lower than in Q2 due to a weaker base effect and a softer global recovery. Falling Covid-19 cases and the gradual relaxation of restrictions likely played a role in boosting activity in Q3, while private consumption was supported by falling inflation and unemployment, plus high remittances—although a slowing U.S. recovery meant remittance growth was lower than in Q2. Fixed investment and government consumption were likely aided by still-supportive monetary and fiscal stances, respectively. Moreover, tourism continued its strong recovery, with September’s visitor arrivals beating those of the corresponding period in 2019. Heading into Q4, prospects appear somewhat less rosy, amid a recent surge in virus cases that led the government to require citizens to display Covid-19 passes in order to enter many establishments.
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|
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Dominican Republic: Economic activity records lowest expansion since February in October, but remains robust
November 30, 2021
Economic activity grew 9.7% year-on-year in October (September: +10.6% yoy).
November 24, 2021
At its end-November meeting, the Central Bank of the Dominican Republic (BCRD) decided to raise the policy rate by 50bp to 3.50%.
November 12, 2021
Consumer prices increased 0.64% in October over the previous month, picking up from the 0.45% increase recorded in September.
October 29, 2021
At its end-October meeting, the Central Bank of the Dominican Republic (BCRD) decided to keep the policy rate at 3.00%.
Dominican Republic: Economic activity records slowest growth since February in September but remains robust
October 22, 2021
Economic activity expanded 10.6% in year-on-year terms in September, which was a deterioration from August's 11.7% increase.