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
Music of the Dominican Republic Music of the Dominican Republic The music of the Dominican Republic is primarily influenced by West African, European, and native Taino influences. The Dominican Republic is mainly known for its merengue and bachata music, both of which are the most popular forms of music in the country. Merengue is a musical genre native to the Dominican Republic. It has a moderate to very fast 2/4 rhythm played on güira (metal scraper) and the double-headed tambora. The accordion is also common. Traditional, accordion-based merengue is usually termed merengue típico and is still played by living accordionists like Francisco Ulloa, Fefita la