President Danilo Medina has confirmed Central Bank governor Hector Valdez Albizu in his post for another two years. This is the fifth consecutive time his term has been extended in the past 10 years.
Valdez also served as governor of the Central Bank from 1994-2000 during the last Balaguer administration and the first Leonel Fernandez government (1996-2000). Fernandez placed him at the helm of the Central Bank when he returned to office in 2004.
Decree 304-14 issued on Thursday, 28 August 2014 extends his mandate for another two years. Monetary and Financial Law 183-02 establishes that the governor of the Central Bank is appointed for two years but the mandate can be renewed.
Valdez is the longest-standing governor of the Central Bank. Before him, Diogenes Fernandez held the post for 13 years, from 1963 to 1976.
President Medina confirmed deputy governor Claritza de la Rocha in her post in the same executive order.
http://hoy.com.do/medina-ratifica-valdez-albizu-gobernador-del-banco-central/