National Institute of Price Stabilization

National Institute of Price Stabilization
Instituto Nacional de Estabilización de Precios
Agency overview
FormedDecember 11, 1969
JurisdictionDominican Government
Headquarters Dominican Republic Avenida 27 de Febrero, Plaza de la Bandera, Apartado Postal 86-2, Santo Domingo
18°27′03″N 69°58′33″W / 18.450878°N 69.975969°W / 18.450878; -69.975969
Agency executive
Parent departmentMinistry of Agriculture of Dominican Republic
Websitewww.inespre.gov.do

The National Institute of Price Stabilization (Spanish: Instituto Nacional de Estabilización de Precios) better known for its acronym in Spanish, INESPRE, was created by the law No.526, issued by the Executive Power of the Dominican Republic, on December 11, 1969.

The National Institute of Price Stabilization provides support and services inside the national system of agricultural commercialization. Their objective is to improve the profitability and competitiveness of agricultural producers, and increase the purchase power of local consumers.

Currently, INESPRE is directed by Jorge Radhamés Zorrilla Ozuna, who was designated by President Danilo Medina on August 20, 2012, by the decree No. 468-12, article 2.