The Central Bank of the Dominican Republic has received ISO 22301:2019 certification from the Spanish Association for Standardization and Certification (AENOR), extending the scope of its Business Continuity Management System to include administration of the Foreign Exchange Platform, in addition to the previously certified administration of its real-time gross settlement system (LBTR). The expanded certification is intended to support the permanent availability of services provided to participants in both the LBTR and the Foreign Exchange Platform. AENOR assessed compliance for both processes, with the work coordinated by the central bank’s Risk and Continuity Management Office alongside relevant internal units. The LBTR is the central bank-operated electronic platform for real-time transfers and payments among financial intermediaries, securities intermediaries, the central securities depository and public treasuries, and is also used to settle retail payment systems and the BCRD Instant Payments service, as well as to process transfers through the Central America and Dominican Republic Payment Interconnection System (SIPA). The Foreign Exchange Platform supports implementation of foreign exchange policy by providing real-time market information and enabling authorised participants to conduct and report foreign currency transactions online.
Central Bank of the Dominican Republic 2025-06-03
Central Bank of the Dominican Republic expands ISO 22301:2019 business continuity certification to cover its foreign exchange platform
The Central Bank of the Dominican Republic received ISO 22301:2019 certification from AENOR, expanding its Business Continuity Management System to include the Foreign Exchange Platform and the real-time gross settlement system (LBTR). This ensures continuous service availability for both systems. The LBTR facilitates real-time transfers and payments, while the Foreign Exchange Platform supports foreign exchange policy implementation and transaction reporting.