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
Flag of the Dominican Republic Flag of the Dominican Republic The flag of the Dominican Republic represents the Dominican Republic and, together with the coat of arms and the national anthem, has the status of national symbol. The blue on the flag stands for liberty, the white for salvation, and the red for the blood of heroes. The civil ensign follows the same design, but without the charge in the center. The flag was designed by Juan Pablo Duarte. As described by Article 21 of the Dominican Constitution, the flag features a centered white cross that extends to the edges and divides the flag into