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Abinader reappoints Central Bank governor and vice governor
🇩🇴 Dominican Republic /Economy & Trade

Abinader reappoints Central Bank governor and vice governor

From Diario Libre · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News Official statement New plan
  • President Luis Abinader has reappointed Héctor Valdez Albizu as governor of the Dominican Central Bank.
  • Clarissa de la Rocha was also confirmed as vice governor, with both serving two-year terms.
  • The reappointments align with the Central Bank's Monetary and Financial Law, allowing for renewal of their positions.

President Luis Abinader has officially confirmed Héctor Valdez Albizu as the governor of the Dominican Central Bank (BCRD). This reappointment, formalized through Decree 575-26, also sees Clarissa de la Rocha continue as vice governor. Both officials will serve for an additional two years, as stipulated by the Monetary and Financial Law.

The decree references Article 17 of Law No. 183-02, which grants the president the authority to appoint the governor and vice governor for two-year terms, with the possibility of renewal. Valdez Albizu and de la Rocha were previously confirmed in their roles in August 2024 via Decree 442-24.

This formal ratification by the executive branch underscores the continuity at the helm of the nation's monetary institution. The decision ensures stability in the leadership of the Central Bank as it continues its operations and policy implementation.

DistantNews Editorial

Originally published by Diario Libre in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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