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
Haitians in the Dominican Republic Haitians in the Dominican Republic Haitians in the Dominican Republic (Dominico-Haitians) are citizens of ethnic Haitian descent. They may be Dominican citizens, Haitian citizens or non-citizen immigrants. Since the early 20th century, Haitians have made up the largest immigrant population in the Dominican Republic. After the Dominican War of Independence ended, Haitian immigration to the Dominican Republic was focalized in the border area; this immigration was encouraged by the Haitian government and consisted of peasants who crossed the border to the Dominican Republic because of the land scarcity in Haiti; in 1874 the Haitian military occupied La Miel valley and