At the end of March 2025, the Central Bank of the Dominican Republic, through the Monetary Board, took new initiatives to safeguard the Dominican economy. According to Valdez Albizu, the board took the decisions to clear uncertainties for the financial intermediaries (banks) and exchange houses. The Central Bank governor has repeatedly said that economic stability in the Dominican Republic is not negotiable.
There has been an increase in private credit in foreign currencies of late, both to individuals as well as companies, and their bank accounts are in Dominican pesos. The Monetary Board also looked at the regulations regarding this type of operation, including the recommendations by the Basel Bank Supervision Committee and the International Monetary Fund (IMF).
The first issue that was examined concerned those regulations regarding the entities that used...
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