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
Geography of the Dominican Republic northern mountain ranges. The northwestern and southeastern extremes of the country are also arid. The Dominican Republic is occasionally damaged by tropical storms and hurricanes, which originate in the mid-Atlantic and southeastern Caribbean from June until November (mainly from August to October) each year. There are several smaller islands and cays that are part of the Dominican territory. The largest islands are: The Dominican Republic is a country with many mountains, and the highest peaks of the West Indies are found here. The chains of mountains show a direction northwest-southeast, except in the Southern peninsula (in Haiti) where they have