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 are most prominent in food, family structure, religion, and music. Many Arawak/Taíno names and words are used in daily conversation and for many foods native to the Dominican Republic. Spanish is the predominant language in the Dominican Republic; the local dialect is called Dominican Spanish, it closely resembles Canarian Spanish, and borrowed vocabularies from the Arawak language. Schools are based on a Spanish educational model, with English and French being taught as secondary languages in both private and public schools. Haitian Creole is spoken by the population of Haitian descent. There is a community of about 8,000 speakers of Samaná