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
President of the Dominican Republic President of the Dominican Republic The President of the Dominican Republic () is both the head of state and head of government of the Dominican Republic. The presidential system was established in 1844, following the proclamation of the republic during the Dominican War of Independence. The President of the Dominican Republic is styled "Your Excellency, Mr. President" during his time in office. His official residence is the National Palace. The article CXXVIII of the constitution instructs the president of the "faithful execution of the Dominican Law" and confers on him the rank of commander-in-chief of the Armed Forces, the National