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prima:Surprising depreciation of the Dominican peso raises economic alarms

The slowdown in growth in Quisqueya, along with other factors, benefits those who send money, but could exacerbate inflation in the neighboring country

May 20, 2025 - 10:53 AM

Economist Gerardo González Núñez mentioned that many Dominicans avoid having to go to centers such as Western Union to send money for fear of being detained by Immigration and Customs Enforcement. (Ernesto Mastrascusa)

The exchange rate of the Dominican peso has recorded its sharpest drop in the past five years, according to statistics from the Central Bank of the Dominican Republic (BCRD), a drop that comes as a surprise in the opinion of economist Gerardo González Núñez.

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