Central Bank of the Dominican Republic Central Bank of the Dominican Republic The Central Bank of the Dominican Republic (, BCRD) was established by the Monetary and Banking Law of 1947 as the central bank of the Dominican Republic, responsible for regulating the country's monetary and banking system.The Banks headquarter is in Santo Domingo and current governor is Héctor Valdez Albizu. Organic Law no. 6142 of December 29, 1962, authorized the central bank to promote and maintain favorable monetary, foreign exchange and credit conditions for the stability and development of the national economy. The central bank's functions include regulating market liquidity levels by: determining deposit reserve
Music of the Dominican Republic are beatboxing, hip hop fashion, and hip hop slang. All these elements have been carried on into the Dominican Republic since the mid 80s by young immigrants who returned to their mother land, usually from Puerto Rico, New York, Boston and Florida. Dominican hip hop started to gain national popularity in the years 2006 and 2007. Reggaeton came to the Dominican Republic from Puerto Rico in the 90's. Dominican reggaeton is called by its original name "dem-bow". Dominican "dem-bow" uses old reggae and reggaeton beats from mainly Jamaica, Panama, and Puerto Rico. The "dem-bow" is utiliz making the "dem-dow" rhythm