The government-intervened Listin Diario reports today that the Monetary Board continued to support the demonetization policy currently in effect by authorizing the Central Bank to place or renew investment certificates with the public at interest rates of 45% or 50%, depending on the length of the contract. The new measure allows for the renewal of certificates from last April and June, as well as permitting new certificates to be sold by the CB. This measure coincides with ongoing talks between the Association of Dominican Commercial Banks and the CB on a potential increase to the amount of legal reserves to be held by the authorities. At present time, the CB reserves must equal 20% of all monies deposited to banks and financial institutions. The banks object to any attempt to increase this amount and analysts this morning said such a change would violate the Monetary Law. The notice from the Central Bank says that as of today, the institution will offer an APR of 50% on 30-day notes and 45% on 60-day notes.