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
Politics of the Dominican Republic as its representative colours. Presidential elections are held in the Dominican Republic every four years, on the 16 May. The candidate must gain a majority vote of at least 50% plus one to win the presidency in the first round. If none of the candidates obtains such majority, a second poll will take place 45 days later, at which the population will decide between the two candidates that had the best results during the first poll. Politics of the Dominican Republic The Dominican Republic is a representative democracy, where the President of the Dominican Republic functions as both the head