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
Constitution of the Dominican Republic Constitution of the Dominican Republic The Dominican Republic has gone through 39 constitutions, more than any other country, since its independence in 1844. This statistic is a somewhat deceiving indicator of political stability, however, because of the Dominican practice of promulgating a new constitution whenever an amendment was ratified. Although technically different from each other in some particular provisions, most new constitutions contained in reality only minor modifications of those previously in effect. Sweeping constitutional innovations were actually relatively rare. The large number of constitutions does, however, reflect a basic lack of consensus on the rules that should govern the