Santo Domingo.- Despite increases registered in investment certificates, the Central Bank reduced its debt over reserves during 2005 by 16.3% (RD$5,086 million), in comparison with 2004. 

During 2005, the Central Bank paid RD$26,090 million for certificates, equivalent to 2.95% of the gross domestic product (GDP).  This amount is lower than the International Monetary Fund’s limit set at 3.2% of the GDP.  In 2004, the debt reached RD$31,176 millions (4% of the GDP). 

This was achieved by reducing the interest rates, thanks to the macroeconomic stability and a controlled inflation, which warrants a true profitability for investors, according to the Central Bank. 

In addition, the maturity period for certificates was extended from 7.5 months in December 2004 to 13.4 months in December 2005.