Hector Valdez Albizu confirmed as Central Bank Governor

Dolores

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Feb 20, 2019
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President Luis Abinader confirmed Central Bank Governor Hector Valdez Albizu’s position for another two years. Decree 442-22 ratified the economist in the position. Valdez Albizu is the longest-standing Central Bank governor, with 30 years in the post.

Valdez Albizu has served as governor of the Central Bank under the presidencies of Joaquin Balaguer, Leonel Fernandez, Danilo Medina and Luis Abinader.

He was first named to the position under the government of late President Joaquin Balaguer on 31 August 1994. He was confirmed in the position in August 1996 during the first term of then President Leonel Fernandez until 2000. He did not serve during the government of former President Hipolito Mejia (2000-2004). When Leonel Fernandez returned to the Presidency in 2004, he again named Valdez Albizu to the position through August 2000. Valdez Albizu was ratified in the...

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JD Jones

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Jan 7, 2016
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He does a great job and is making big bucks for the job he does. But who will take his place when he retires?
 
Jan 9, 2004
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He does a great job and is making big bucks for the job he does. But who will take his place when he retires?
For sure, he did what no other CB Governor has done in the past. He foresaw and raised interest rates to front run the rate increases that were to come in the US and elsewhere, thereby protecting the value of the peso. He has to this point provided the steady hand that economies need to survive and thrive.

Was that the right course? That remains to be seen. But for now he has protected the peso from the normal devaluations that occur and have occurred since the 1980's...........sans the the banking crisis and eventual IMF bailout of 2003-2004.


Respectfully,
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