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
Economy of the Dominican Republic China 13.9%, Mexico 4.5%, Brazil 4.3% (2017) Debt - external: $29.69 billion (31 December 2017 est.) Economic aid - recipient: $76.99 million (2005) Currency: Dominican peso Exchange rates: Dominican pesos per US dollar - 33.113 (2007), 33.406 (2006), 30.409 (2005), 42.12 (2004), 30.831 (2003) Fiscal year: calendar year Economy of the Dominican Republic The Dominican Republic has the ninth largest economy in Latin America, and is the largest in the Caribbean and Central region. It is an upper middle-income developing country primarily dependent on mining, agriculture, trade, and services. Although the service sector has recently overtaken agriculture as the leading