Central Bank Explains How the Dominican Peso's Exchange Rate Is Set

The Central Bank lays out how the exchange rate is determined and what steps it has taken to keep the currency market orderly.

The Central Bank of the Dominican Republic has published an explanation of how prices are formed in its foreign exchange market, according to a statement reproduced by elDinero. The institution says it aims to inform economic agents and the public about the technical, regulatory and institutional basis of its exchange rate policy decisions.

According to the bank, the market operates with free convertibility of the national currency into other currencies, under Article 28 of Monetary and Financial Law No. 183-02. The institution notes that the International Monetary Fund reclassified the exchange regime as a de facto free float in late 2025. Within that framework, it says the currency's price is shaped by supply and demand.

The bank explains that tourism, remittances, exports and foreign direct investment have strengthened the supply of foreign currency. For the first half of 2026, it reports growth of 16.63% in exports, 15.30% in tourism revenue, 7.67% in foreign direct investment and 6.74% in family remittances.

Among the initiatives to modernize the market, the institution cites the consolidation of the BCRD exchange platform, the adoption of international best practices, the development of an exchange hedging program, and a reduced Central Bank presence in the spot market. The platform began operating in 2019, with technical advice from the International Monetary Fund.

The text received cuts off before detailing the remaining measures, so their scope cannot be specified.