About

Responsible for the implementation of the monetary, exchange-rate and financial policies of the Dominican Republic, the Central Bank requires the expert advice of the legal department, entrusted with ensuring the legal compliance of all the actions undertaken by the institution. Among its main functions, the legal department issues legal opinions that serve as guidelines to the monetary board, the Central Bank and the general public. In addition, participates in the review and drafting of monetary and financial regulations, as well as preliminary bills relating to the Central Bank’s regulatory areas. Furthermore, it represents the Central Bank in the courts, either directly, or in coordination with outside counsel. As a member of several committees, the legal department collaborates in the process of public procurement, administration of human resources, public ethics and free access to public information, among others. At the international level, it is member of the committee of legal studies of the Central American Monetary Council (CMCA), in charge of overseeing the legal issues pertaining to the monetary and financial integration of the region.