Bancentral has received RD$ 47,215.2 million

posted on: Dec 9 2011 8:2 by RDugey. Viewed 38 times.

The Government is up to date with all the obligations that they send to transfer resources from the Central Bank interest of bonds issued under the law on recapitalisation and the agreement stand by signed with the International Monetary Fund (IMF), was established at this time transfers amounting to RD$ 47,215.2 million to the entity monetary 2008 to date.

The Treasury and accounting department data indicate that in so far this year (until November 2011) the Dominican Government has transferred to Banco Central RD$ 12,896.9 million of interest of the bonds issued. For purposes of the single month pending a final payment of RD$ 5,985.6 million.

Statistics officers indicate that in 2008 the Treasury delivered to Bank Central RD$ 4,117.9 million of the interests of bonds issued in 2009 paid RD$ 15,715.4 million and in 2010 for the same concept delivered RD$ 14,485.0 million, added to the u000aRD$ 12,485 million paid until November of this year are an aggregate of RD$ 47,215.2 million.

During the same period reference (2008-2011), and in compliance with the law of recapitalization of the CB, provides an authoritative global emission of RD$ 320,000 million, and according to official data to date have been issued and delivered Government bonds by RD$ 82,741.0 million.

With delivery of funds the monetary entity has been falling consecutively deficit quasi-fiscal as a proportion of GDP, according to the schedule. Via the recapitalization Plan of the CB, Treasury authorized issuing RD$ 320,000 million within a period of ten years, through partial broadcasts outlined by the Council of debt public.

Project framework
In 2003 some local banks were problems of liquidity and pursuant to the law on monetary and financial (183-02) was granted facilities of liquidity, which ultimately surpassed the u000aamount of law to cover the payment to the depositors, ancestors more than RD$ 105,695.3 million.

In 2004, the Monetary Board approved the settlement comprehensive Plan to reduce deficit quasi-fiscal and the balance of the certificate.

While for 31 December 2005 the accumulated losses of the Central Bank exceeded the RD$ 202,140.5 million, of which RD$ 39,535.6 million came from its inception until 2002.