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
Congress of the Dominican Republic Congress of the Dominican Republic The Congress of the Dominican Republic () is the bicameral legislature of the government of the Dominican Republic, consisting of two houses, the Senate and the Chamber of Deputies. Both senators and deputies are chosen through direct election. There are no term limits for either chamber. As provided by the Dominican Constitution, each of the 178 members of the Chamber of Deputies represents a district and serves a four-year term. Chamber seats are apportioned among the states by population. The 32 Senators serve staggered four-year terms. Each province has one senator, regardless of population. The