Central Bank of the Dominican Republic
Headquarters | Santo Domingo |
---|---|
Established | October 9, 1947[1] |
Ownership | 100% state ownership[2] |
Governor | Héctor Valdez Albizu |
Central bank of | Dominican Republic |
Currency | Dominican peso DOP (ISO 4217) |
Reserves | 5 240 million USD[2] |
Website | www |
The Central Bank of the Dominican Republic (
Establishment and objectives
Organic Law no. 6142 of December 29, 1962, authorized the central bank to promote and maintain favorable monetary,
Activities and structure
The BCRD implements all changes to banking regulation proposed by the Monetary Board (Junta Monetaria) which is the highest body of authority within the institution. The Board consists of ten members, all of which are appointed by the executive. The governor of the central bank heads the Monetary Board while the Ministry of Finance and the Ministry of Industry and Commerce each have a seat on the Board. The BCRD Governor is appointed by the executive for a period of two years, though with Héctor Valdez Albizu there has been continuity at this senior post for several years despite political administration changes. Albizu was the BCRD governor from 1994 until 2000, again holding the post from August 2004.
Since late 1993, BCRD has worked with the sponsorship of the Inter-American Development Bank to improve several areas of banking practice.[5]
Performance and reform since the 1990s
The
Governors
- Jesús María Troncoso, 1947 - 1951[7]
- Wenceslao Troncoso, 1951 - 1952[7]
- Manuel Ruiz Tejada, 1952 - 1953[7]
- José Ernesto García, 1953[7]
- S. Salvador Ortiz, 1953 - 1954[7]
- José Joaquín Gómez, 1954 - 1956[7]
- Milton Messina, 1956 - 1957[7]
- Arturo Despradel, 1957 - 1958[7]
- Juan A. Morales, 1958[7]
- Virgilio Álvarez Sánchez, 1958 - 1959[7]
- Oscar G. Ginebra Henríquez, 1958 - 1960[7]
- Manuel V. Ramos, 1960 - 1961[7]
- Silvestre Alba de Moya, 1961[7]
- A. Amado Hernández, 1961 - 1962[7]
- José Joaquín Gómez, 1962 - 1963[7]
- Diógenes H. Fernández, 1963 - 1976[7]
- Fernando Periche, 1976 - 1978[7]
- Eduardo Fernández, 1978 - 1980[7]
- Carlos Despradel, 1980 - 1982[7]
- Bernardo Vega, 1982 - 1984[7]
- José Santos Taveras, 1984[7]
- Hugo Guiliani Cury, 1984 - 1986[7]
- Luis Julián Pérez, 1986 - 1987[7]
- Roberto Saladín, 1987 - 1989[7]
- Guillermo Caram, 1989 - 1990[7]
- Luis F. Toral Córdoba, 1990 - 1993[7]
- Mario Read Vittini, 1993 - 1994[7]
- Héctor Valdez Albizu, 1994 - 2000[7]
- Francisco Guerrero Prats-Ramírez, 2000 - 2003[7]
- José Lois Malkún, 2003 - 2004[7]
- Héctor Valdez Albizu, 2004 - [7]
See also
- Banks of the Dominican Republic
- List of central banks
Notes
- ^ "Historia". www.bancentral.gov.do.
- ^ a b Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.
- ^ "BCRD - About CB". www.bancentral.gov.do. Retrieved 2016-09-10.
- ^ "CBDR - About CB". www.bancentral.gov.do. Retrieved 2016-09-10.
- ^ The Dominican Republic Banking System, Fitch Ratings, December 2002
- ^ Dominican Republic: Review of Trade and Labor Competitiveness, World Bank 2005
- ^ a b c d e f g h i j k l m n o p q r s t u v w x y z aa ab ac ad ae "Gobernadores". www.bancentral.gov.do.
External links
- (in Spanish and English) Central Bank of the Dominican Republic official site