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
Ministries of the Dominican Republic first executive branch having been established in the first Constitution of the Dominican Republic in November, 1844. Ministries are analogous to Departments and Secretaries of State in others nations. Different from what happens in other countries, by constitutional specification, not minister formed part of line of succession, reserves for the Vice President and the President of the Supreme Court of Justice. The heads of the ministries, known as Ministers of their respective department, form the traditional Cabinet of the Dominican Republic, an executive organ that serves at the disposal of the president for the coordination of the government affairs and