International Reserves in Dominican Republic
Dominican Republic - International ReservesThe economy gained steam in the third quarter according to preliminary data. While a sectoral breakdown is still outstanding, recent monetary easing was likely a key driver, as it boosted credit growth and should have buttressed domestic activity. Moreover, remittance growth accelerated in Q3, which should have fed through to strong private consumption. Less positively, the vital tourism sector—which is worth close to 10% of GDP and represents an important source of foreign currency—continued to suffer from recent bad press linked to visitor deaths, with visitor arrivals contacting in September for the third straight month. This comes after a marked slowdown in the second quarter on the back of a less favourable external environment and domestic political uncertainty.
Dominican Republic - International Reserves Data
|International Reserves (USD)||4.7||4.9||5.3||6.0||6.8|
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||51.26||0.80 %||Sep 04|
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.
Dominican Republic: Central Bank keeps rates unchanged in October amid improved economic performance
October 31, 2019
At its 31 October monetary policy meeting, the Central Bank (BCRD) left the policy rate unchanged at 4.50% for the second straight month.
October 23, 2019
The economy bounced back in Q3 from a sharp slowdown in the second quarter, according to Central Bank data (Q3: +4.9% year-on-year; Q2: +3.7% yoy).
October 14, 2019
Consumer prices rose 0.38% in September over the prior month, up from August’s 0.34% uptick.
October 2, 2019
On 26 September, the government announced the 2020 budget, which should support the economy next year thanks to notable increases in current and capital expenditure.
September 30, 2019
The economy gained momentum in August, according to the Central Bank’s monthly indicator for economic activity (IMAE, Indicador Mensual de Actividad Económica).