In a move to bolster the resilience of the financial and exchange sectors, the Monetary Board (JM) of the Central Bank of the Dominican Republic (BCRD) has implemented a series of prudential measures. These decisions, made during the board’s session on 24 March 2025, aim to fortify financial intermediaries against a complex and highly uncertain global economic backdrop. The actions come at a time when inflation for March 2025 is reported at a low 0.32%.
The measures were formulated in response to the increasing trend of private sector borrowing in foreign currency, particularly by individuals and entities whose primary income is denominated in Dominican pesos. The board also considered international regulatory benchmarks, including recommendations from the Basel Committee on Banking Supervision and the International Monetary Fund (IMF).
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