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
Spanish occupation of the Dominican Republic killed or wounded in action. The 12,000 pro-Spanish southern forces recruited by Santana had also suffered about 10,000 casualties. The fatal losses among the Cibao-based nationalist armies were estimated at 4,000. Spanish occupation of the Dominican Republic In 1861, Dominican general Pedro Santana suggested retaking control of the Dominican Republic to queen Isabella II of Spain, after a period of 17 years of Dominican sovereignty. Newly independent Dominican Republic was economically recovering from the recently ended Dominican War of Independence (1844–1856), when the Republic won its independence against Haiti. Spanish crown and authorities, which scorned and rejected the peace treaties