The 1998 CIA World Factbook, page 399 by US CIA
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Diplomatic representation in the US: chief of mission: Ambassador Bernardo VEGA Boyrie chancery: 1715 22nd Street NW, Washington, DC 20008 telephone: [1] (202) 332-6280, 6281 FAX: [1] (202) 265-8057 consulate(s) general: Boston, Chicago, Los Angeles, Mayaguez (Puerto Rico), Miami, New Orleans, New York, Philadelphia, San Francisco, and San Juan (Puerto Rico) consulate(s): Charlotte Amalie (Virgin Islands), Detroit, Houston, Jacksonville, Mobile, and Ponce (Puerto Rico)
Diplomatic representation from the US: chief of mission: Ambassador (vacant) embassy: corner of Calle Cesar Nicolas Penson and Calle Leopoldo Navarro, Santo Domingo mailing address: Unit 5500, APO AA 34041 telephone: [1] (809) 221-2171, 221-8100 FAX: [1] (809) 686-7437
Flag description: a centered white cross that extends to the edges, divides the flag into four rectangles-the top ones are blue (hoist side) and red, the bottom ones are red (hoist side) and blue; a small coat of arms is at the center of the cross
@Dominican Republic:Economy
Economy-overview: Economic reforms launched in late 1994 contributed to exchange rate stabilization, reduced inflation, and strong GDP growth in 1995-96. In 1996, there was increased mineral and petroleum exploration, and a new investment law that allows for repatriation of capital dividends has drawn more investment to the island. Upon coming to power in August 1996, President FERNANDEZ nevertheless inherited a trouble-ridden economy hampered by a pressured peso, a large external debt, nearly bankrupt state-owned enterprises, and a manufacturing sector hindered by daily power outages. In December, FERNANDEZ presented a bold economic reform package-including such reforms as the devaluation of the peso, income tax cuts, a 50% increase in sales taxes, reduced