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From Deutche Bank 12/04/03 RD$ upgrade. We obtained some clarification and confirmations from official sources pursuing recently morning's statement that FX market participants should market USDs below an interest rate of RD$/USD40. Firstly, it seems that actually while the President firmly "suggested" that the FX rate must drop below 40, he didn't purchase the solving of the exchange rate. As a soft-fixing his strong-arm methods nevertheless were likely to work essentially. Subsequently, as expected, the shift came as a shock to the IMF. The IMF has become demanding caution. Particularly, the Fund is requesting the federal government issue a report to the nation declaring that number adjustments have now been passed. The IMF was established to travel to the Dominican Republic today, nevertheless before report is given, all travel is likely to be delayed. As said currently, without IMF assistance and the restarting of the Agreement, providing the federal government responsibilities could be an increasingly struggle.