How significant is the Dominican stock market?
The Dominican Republic Stock Market (BVRD) started to operate as a self-regulated institution in 1991. Despite the limitations resulting from the lack of adequate legislation, transactions at the BVRD had been growing, if not significantly, at lest steadily, during the last decade. In the year 2000 volumes negotiated at the BVRD reached RD$4,041.7 million. With the passing of Law 19-00 of 8 May 2000 on Stock Markets, which fills in the legislative gaps that were limiting the expansion of financial markets in the country, the Dominican stock market can be expected to acquire significant value, for both local and foreign companies, as soon as this law has been put into effect.
