The Central Bank of the Dominican Republic maintains responsibility for the printing and issuance of currency, and the regulation of the nation's banking ~ monetary system. . The country's monetary board, which is supervised by the Governor of the Central Bank, directly determines monetary and foreign exchange policies.
Automatic Transfer Service - ATS. Share. DEFINITION of 'Automatic Transfer Service - ATS'. A banking service offered to customers that has both a general and specific meaning. On a general level, it can mean any automatic transfer of funds between customer accounts.
The double entry accounting system is based on the concept of debits and credits. This is an area where many new accounting students get confused. Often people think debits mean additions while credits mean subtractions. This isnât the case at all. Debits and credits actually refer to the side of the ledger that journal entries are posted to. A debit, sometimes abbreviated as Dr., is an entry that is recorded on the left side of the accounting ledger or T-account. Conversely, a credit or Cr. is an entry on the right side of the ledger.