Resolutions drawn up by the Monetary Board will remove excess currency from circulation, according to Hector Linares of the Listin Diario. The idea is to remove the excess liquidity of the banks and savings and loan associations from circulation and thereby reduce the demand for dollars. The plan calls for a removal of between RD$7 and RD$10 billion from the streets. According to the article, the basic assumption is that the required reserves of the banks is 20% and the amount of money received by the banks is around RD$211 billion, the Dominican financial market shows a high proportion of liquidity, the result of monetary emissions that were used to resolve the bankruptcies of three banks. On Friday, the Monetary Board took steps to reduce the level of money in circulation. Although the article does not enumerate the three measures, it does refer to what it calls the “strongest” of the three, which authorizes the Central Bank to automatically “transfer, automatically, short-term interest-bearing deposits, the surplus funds in the accounts of the multi-banks and the savings and loan associations:” The first article of the new measures allows the Central Bank to receive short-term interest-bearing deposits from the savings and loan associations.