President Leonel Fernandez transferred to the Ministry of Finances the responsibility for the management of the foreign debt of the government. The Central Bank has undertaken this role so far. A presidential decree establishes this disposition will go into effect as of 1 October of this year. The decree establishes a period of 30 days for the Central Bank to send to Finances documentation regarding the international loans contracted by the government. The new measure also establishes that the Central Bank and the government commercial bank, Banco de Reservas need to report daily to the Ministry of Finances regarding the credits and debits of government departments that handle bank accounts in hard currency. Finance Minister Vicente Bengoa Albizu and Central Bank Governor Hector Valdez Albizu are cousins.