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
Culture of the Dominican Republic route to winning the World Baseball Classic. In boxing, the Dominican Republic has produced scores of world-class fighters and several world champions. Basketball also enjoys a relatively high level of popularity. Al Horford, Felipe Lopez, and Francisco Garcia are among the Dominican-born players currently or formerly in the National Basketball Association (NBA). Olympic gold medalist and world champion hurdler Félix Sánchez hails from the Dominican Republic, as does NFL defensive end Luis Castillo. Other important sports include, Volleyball, which was introduced in 1916 by US Marines, is controlled by the Dominican Volleyball Federation. Other sports include taekwondo, in which Gabriel