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
National Council of the Magistracy (Dominican Republic) National Council of the Magistracy (Dominican Republic) The National Council of the Magistracy ("Consejo Nacional de la Magistratura-CNM," en español), is the Dominican constitutional body responsible for appointing judges of the Supreme Court, the Constitutional Court and the Superior Electoral Court of the Dominican Republic. The NCM is also the organ called to conduct performance evaluations of judges of the Supreme Court. The NCM appears in Dominican Republic for the constitutional amendment of 1994, whose existence is recognized promotion and the late José Francisco Peña Gómez, top leader of the Dominican Revolutionary Party (PRD) as a result of the political