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
History of the Dominican Republic led to one of the tensest periods in contemporary Haitian-Dominican relations. Bosch supported the efforts of Haitian exiles who trained to overthrow François Duvalier, Haiti's repressive president. In April 1963, former Haitian army officers reportedly tried to kill Duvalier's children, and many of those accused took refuge in the embassies of Latin American countries in Port-au-Prince, the Haitian capital. When Haitian police raided the Dominican embassy and held captive 22 refugees, the Dominican Republic broke off diplomatic relations and threatened to invade Haiti. The OAS mediated the dispute and eased the tension; Dominican troops, ready to invade, pulled back from