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
Sport in the Dominican Republic "Sugarball," "Nothing typifies the new direction of Dominican baseball as much as the baseball academy, an institution rooted in the increased presence and benevolent paternalism of North American baseball interests in the country." The first baseball academy in the Dominican Republic was built in 1977 by Ralph Avila. In his description of baseball academies in the Dominican Republic, Alan Klein wrote "What the academy does in working with the Dominican players goes beyond teaching baseball skills. They teach career preparation, socialization and how to cope with the cultural changes they will face in the United States." Campo Las Palmas is