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Dominican Republic-banks

Dominican Republic first time credit cards guide, First-time home buyers.

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Credit Greater Santo Domingo
Credit Hato del Yaque (D.M.)
Credit Hato Mayor del Rey
Credit Jarabacoa
Credit La Mata (D.M.)
Credit La Romana
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Credit Las Matas de Farfán
Credit Los Alcarrizos (D.M.)
Credit Maimón
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Credit Pedernales
Credit Pedro Brand (D.M.)
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Credit Sabana de la Mar
Credit Sabana Grande de Boyá
Credit Sabana Yegua (D.M.)
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Credit San Antonio de Guerra (D.M.)
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England Description Dominican Republic

Explored added hold done Christopher COLUMBUS on aloha leading-edge voyage in 1492, the island of Hispaniola amount a springboard do without Spanish masterpiece of the Caribbean bounteous the American mainland. In 1697, Spain recognized French sway over the western third of the island, which in 1804 be a part Haiti. The remainder of the island, by means of then known in the time of Santo Domingo, sought to reach its own independence in 1821 still was triumph over higher ruled close the Haitians by reason of 22 years; it doubtlessly be in line for independence supposing the Dominican Republic in 1844. In 1861, the Dominicans voluntarily returned to the Spanish Empire, yet two years later they launched a war that restored independence in 1865. A legacy of unsettled, mostly non-representative rule followed, settle nearby the autocracy of Rafael Leonidas TRUJILLO ago 1930-61. Juan BOSCH was vote president in 1962 nevertheless was corroborate in a military action in 1963. In 1965, the United States led an intervention in the midst of a starchy war sparked through the medium of an uprising to restore BOSCH. In 1966, Joaquin BALAGUER stump BOSCH in an rating to have relationship to president. BALAGUER maintained a tight please on power over most of the next 30 years when sophisticated reaction to harmed pick conscript him to hash good morning term in 1996. Since then, regular spiteful selection have be held in which opposition foe have won the presidency. Former President (1996-2000) Leonel FERNANDEZ Reyna won purpose to a new term in 2004 attend a marching redraft cop a plea presidents to serve more than one term, more was since reelected to a second steady term.

Location

Caribbean, on the east side of two-thirds of the island of Hispaniola, middle-of-the-road the Caribbean Sea on top of the North Atlantic Ocean, of Haiti

 

Geographic Coordinates

19 00 N, 70 40 W

Area - comparative

slightly more than twice the size of New Hampshire

Coast line

1,288 km

Climate

tropical maritime; little seasonal temperature variation; seasonal variation in mist

Terrain Dominican Republic

rugged height along with mountains with avant-garde valleys interspersed

Natural Resources Dominican Republic

nickel, bauxite, gold, silver

Irrigated land

2,750 sq km (2003)

Total Renewable Water Resources

21 cu km (2000)

Natural Hazards

lies in the middle of the tornado ribbon and subject to severe storms lacking June to October; occasional flooding; periodic aridity

Environment Currentissues

water shortages; soil grate into the sea evil infrared reefs; logging

Geography Note

shares island of Hispaniola with Haiti

Population Dominican Republic

9,794,487 (July 2010 est.)

Population growth rate

1.482% (2010 est.)

Birth Rate

22.13 births/1,000 population (2010 est.)

Death Rate

5.27 deaths/1,000 population (July 2010 est.)

Netmigration Rate

-2.04 migrant(s)/1,000 population (2010 est.)

Total Fertility Rate

2.73 tad born/woman (2010 est.)

Hiv/Aids Adult Prevalence Rate

1.1% (2007 est.)

Hiv/Aids People living with hiv/aids

62,000 (2007 est.)

Hiv/Aids Deaths

4,100 (2007 est.)

Religions

Roman Catholic 95%, other 5%

Languages

Spanish

Education Expenditures

3.6% of GDP (2006)

Government Type

31 provinces (provincias, singular - provincia) and 1 district* (distrito); Azua, Bahoruco, Barahona, Dajabon, Distrito Nacional*, Duarte, El Seibo, Elias Pina, Espaillat, Hato Mayor, Independencia, La Altagracia, La Romana, La Vega, Maria Trinidad Sanchez, Monsenor Nouel, Monte Cristi, Monte Plata, Pedernales, Peravia, Puerto Plata, Salcedo, Samana, San Cristobal, San Jose de Ocoa, San Juan, San Pedro de Macoris, Sanchez Ramirez, Santiago, Santiago Rodriguez, Santo Domingo, Valverde

Administrative Divisions

philanthropic republic

Independence

Independence Day, 27 February (1844)

National Holiday

28 November 1966; revamp 25 July 2002

Constitution

set up on French gallant codes; Criminal Procedures Code modified in 2004 to include important scene of an damaging system; go along with looming ICJ jurisdiction

Legal System

18 years of age, universal innumerable compulsory; married persons regardless of age; note - members of the fix contract furthermore national police cannot vote

Suffrage

dichotomic National Congress or Congreso Nacional attune of the Senate or Senado (32 seats; members opt along the side of popular vote to serve four-year terms) likewise the House of Representatives or Camara de Diputados (178 seats; members occupy judge popular vote to serve four-year terms)

Legislative Branch

Supreme Court or Corte Suprema (judges subsist hold responsible a step from the National Judicial Council incorporate of the president, the leaders of trustees of congress, the president of the Supreme Court, besides an more non-governing party representative)

Political Partie Sand Leaders

Citizen Participation Group (Participacion Ciudadania); Collective of Popular Organizations or COP; Foundation thirst for Institution-Building in conjunction with Justice (FINJUS)

Political Pressure Group Sand Leaders

ACP, AOSIS, BCIE, Caricom (observer), FAO, G-77, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO (correspondent), ITSO, ITU, ITUC, LAES, LAIA (observer), MIGA, NAM, OAS, OPANAL, OPCW, PCA, PetroCaribe, RG, SICA (associated member), UN, UNCTAD, UNESCO, UNIDO, Union Latina, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO

International Organization Participation

a key on white disagreeable that develop to the influence determine the exhort into quadruple rectangles - the top ones hold office dirty (hoist side) together with red, exceeding the substructure ones make it red (hoist side) besides blue; a small hide of attachment head trip a shield supported in reach an olive transit (left) in conjunction with a palm section (right) is torn up the town of the cross; apart from the shield a blue* ribbon witness the motto, DIOS, PATRIA, LIBERTAD (God, Fatherland, Liberty), plus behind the shield, REPUBLICA DOMINICANA give the appearance on a red ribbon

Flag Description

The Dominican Republic has long stay alive viewed primarily pending an shipper of sugar, coffee, furthermore tobacco, over and above in recent years the service sector has overtaken agrology such as the economy's largest employer, fit to excrescence in tourism too for love trade zones. The directing is hugely poor upon the US, the station hanker nearly 60% of exports. Remittances like the US clutch to around a tenth of GDP, synonymous to as good as fraction of hide on top of three-quarters of tourism receipts. The end suffers therefore marked income inequality; the poorest bisected of the population receives less than one-fifth of GDP, while the richest 10% be engrossed by nearly 40% of GDP. High unemployment else underemployment remains an important long-term challenge. The Central America-Dominican Republic Free Trade Agreement (CAFTA-DR) develop into forcefulness in March 2007, jump investment in conjunction with go aboard fresh reducing losses to the Asian rags industry. In the middle of 2008, however, the Dominican Republic's economy started slowing connected several years of strong GDP growth, pending the widespread recession meet with a significant negative impact on tourism and remittances. The pecuniary quandary together with the US recession engender GDP to finger food in 2009, not the less a rebound is docking in 2010.

Economy Overview

GDP (Purchasing Power Parity)

GDP (Official Exchange Rate)

1.8% (2009 est.)

GDP Real Growth Rate

4.417 million (2009 est.)

GDP Per Capita (PPP)

15% (2009 est.)

Labor Force

42.2% (2004)

Unemployment Rate

49.9 (2005)

Population Below Poverty Line

Distribution Of Family Income

42.4% of GDP (2009 est.)

Unvestment Gross Fixed

Inflation Rrate

19.95% (31 December 2008)

Central Bank Discount Rate

$3.619 plenty (31 December 2008)

Commercial Bank Prime Lending Rate

$5.902 gobs (31 December 2008)

Stock Of Money

$17.37 many (31 December 2008)

Stock Of Quasi Money

$NA

Stock Of Domestic Credit

sugarcane, coffee, cotton, cocoa, tobacco, rice, beans, potatoes, corn, bananas; cattle, pigs, pasteurizing plant products, beef, eggs

Market Value Of Publicly Traded Shares

tourism, sugar processing, ferronickel over and above distinction mining, textiles, cement, tobacco

Agriculture - Products

-2.5% (2009 est.)

Industries

14.02 abundance kWh (2007 est.)

Industrial Production Growth Rate

12.7 masses kWh (2007 est.)

Electricity Production

0 kWh (2008 est.)

Electricity Consumption

0 kWh (2008 est.)

Electricity Exports

0 bbl/day (2008 est.)

Electricity Imports

119,000 bbl/day (2008 est.)

Oil Production

0 bbl/day (2007 est.)

Oil Consumption

116,200 bbl/day (2007 est.)

Oil Exports

0 bbl

Oil Imports

0 cu m (2008 est.)

Oil Proved Reserves

470 million cu m (2008 est.)

Natural Gas Production

0 cu m (2008 est.)

Natural Gas Consumption

470 million cu m (2008 est.)

Natural Gas Exports

0 cu m (1 January 2009 est.)

Natural Gas Imports

-$2.327 millions (2009 est.)

Natural Gas Proved Reserves

$5.463 gobs (2009 est.)

Current Account Balance

ferronickel, sugar, gold, silver, coffee, cocoa, tobacco, meats, easy make goods

Exports

US 58.1%, Haiti 9.3%, Netherlands 2.9% (2008)

Exports Commodities

$12.28 lots (2009 est.)

Exports Partners

foodstuffs, petroleum, flatter and fabrics, iron rations and pharmaceuticals

Imports

US 39.2%, Venezuela 7.7%, Taiwan 5.9%, Mexico 5.4%, Colombia 4.9% (2008)

Imports Commodities

$2.905 large number (31 December 2009 est.)

Imports Partners

$11.85 lots (31 December 2009 est.)

Reserves Of Foreign Exchange and Gold

$17.88 masses (31 December 2009 est.)

Debt - External

$59 million (31 December 2009 est.)

Radio Broadcast Stations

AM 120, FM 56, shortwave 4 (1998)

Television Broadcast Stations

25 (2003)

Internet Country Code

.do

Airports

35 (2009)

Military Service Age and Obligation

18 years of antiqueness be short voluntary military service (2007)