The Central Bank removed sectorial restrictions on RD$12.03 billion in legal reserves now cleared for lending by banks. The Central Bank authorized the funds to be used for home mortgages up to RD$15 million. In addition to home mortgages, the funds were cleared for exports, manufacturing, agriculture, commerce, small and medium-sized enterprises, consumer loans, and purchase of vehicles.
Recently, the Central Bank had cleared RD$22.32 billion from legal reserve restrictions to stimulate the economy.
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Banco Central
14 October 2019