Monetary policy Economy of Puerto Rico
puerto rico not have local coin, using instead united states dollar local , currency. because of this, puerto rico not control money supply nor interest rates, being subject instead monetary policy of united states particularly operations performed federal reserve system. puerto rico, however, has representative in federal reserve bank of new york through local businessman name of richard carriĆ³n, chairman , ceo of popular, inc., has served member of board reserve bank several times.
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