The Governor of the Central Bank, Frank Guerrero confirmed that as of June 2001 the Central Bank will return non-institutional investors the money they have invested in certificates of participation at the Central Bank. He said the decision will increase the money in circulation, as these investors are most likely to deposit the money in commercial banks. This should in turn result in a much sought decline in interest rates. He said the bank announced plans for the use of more modern financial instruments for institutional investors. He said in an interview with the Listin Diario that as of 31 December 2000, the bank had RD$4,367.6 million in certificates of participation, of which 42.5% were in the hands of non-institutional investors.
