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Latinnews Daily - 9 January 2004

DOMINICAN REPUBLIC: Black market rate soars, despite budget

Traders said yesterday that there was virtually no trading on the Dominican Republic's formal foreign exchange market. They said that almost all the trading was on the black market where the rate was between 42.3 and 43 pesos per dollar. On the official market the rate is 39.8 to 40.

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