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
Higüey, Dominican Republic Higüey, Dominican Republic Higüey (), or in full Salvaleón de Higüey, is the capital city of the eastern La Altagracia Province, in the Dominican Republic, and the eighth largest city of that country. The Yuma River flows through the urban areas of Higüey. Higüey is also the name of a former native chiefdom in Hispaniola's easternmost end when Christopher Columbus arrived. It is now one of the country's economically fastest-developing cities, sometimes nicknamed the Capital of Dominican Tourism or the Capital of Stockbreeding. As of 2006, over 150,000 people lived in Higüey. The city thrives chiefly on tourism, with many