Central Bank of the Dominican Republic 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
People of the Dominican Republic the Dominican Republic is Dominican rap. Also known as "Rap del Patio" ("yard rap") it is rap music created by Dominican crews and solo artists. Originating in the early 2000s with crews such as Charles Family, successful rappers such as Lapiz Conciente, Vakero, Toxic Crow, and R-1 emerged. The youth have embraced the music, sometimes over merengue, merengue típico, bachata, as well as salsa, and, most recently, reggaeton. Dominican rap differs from reggaeton in the fact that Dominican rap does not use the traditional Dem Bow rhythm frequently used in reggaeton, instead using more hip hop-influenced beats. As well, Dominican