History

History
The Central Bank of the Dominican Republic was created on October 9th, 1947, in accordance with Statutory Law No. 1529. It commenced operations on October 23rd of the same year, serving as a decentralized and independent organization. At present, it is governed by the Monetary and Financial Law.

The Central Bank is ruled by the Monetary Board.

Mission
To guarantee the stability of prices, the appropriate regulation of the financial system and the suitable operation of the payment systems, acting as the issuer and executor of the monetary and exchange, in agreement with the duties conferred this institution by the constitution and the law.

Vision of Future 2006-2009
The Central Bank of the Dominican Republic will be an institution with total operational and financial autonomy, endowed with a suitable organizational structure, equipped with qualified human resources, committed to fulfill its mission with efficiency, ethics and transparency.




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