I would not count on any Dominican deposit for income. More like a casino gambling. Chances to win are about the same.
This year you may gain 3%-4% (after correction on devaluation), next year you may easy lose 50% of your investment without much recourse.
For a newby to this island I wouldn`t think of any risky projects, being in your shoes.
Monthly basis on CD account? - No.
Thanks, everyone, for your help. What is the mechanism to purchase Central Bank CDs? Do I send a bank draft? In Pesos? U.S. Dollars? Is there a contact there? What identification might I need?
Are there other investment channels that are interesting? I would like to diversify ny D.R. investments considerably.