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
Foreign relations of the Dominican Republic System, and ACP Group. Foreign relations of the Dominican Republic The Dominican Republic has a close relationship with the United States and with the other states of the Inter-American system. It has accredited diplomatic missions in most Western Hemisphere countries and in principal European capitals. The Dominican Republic is a founding member of the United Nations and many of its specialized and related agencies, including the World Bank, International Labour Organization, International Atomic Energy Agency, and International Civil Aviation Organization. It also is a member of the OAS, World Trade Organization, World Health Organization, World Customs Organization the Inter-American Development