The Monetary Board of the Central Bank of the Dominican Republic has implemented new rules that will take more than RD$12 billion out of circulation, reports today?s El Caribe. The initiatives of the Monetary Board include an additional 5% increase to the legal reserve for current liabilities of commercial banks, and a 20% reserve on new deposits, all of which must be deposited to the Central Bank. The moves are being viewed as efforts to stem the fall of the peso, which reached a historic RD$27.50 in trading against the US dollar yesterday. According to Hoy newspaper, the Monetary Board will meet this afternoon in order to adopt new measures designed to bring about a significant drop in the exchange rate.