Peso of the Dominican Republic - the monetary unit of the state of the Dominican Republic . The name of the monetary unit indicated since 1947 on banknotes is “golden peso” ( Spanish peso oro ).
| Dominican Peso (Russian) | |||||
|---|---|---|---|---|---|
Peso dominicano (Spanish) | |||||
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| Codes and Symbols | |||||
| ISO 4217 Codes | DOP (214) | ||||
| Abbreviations | $ • RD $ | ||||
| Territory of circulation | |||||
| Issuing country |  Dominican Republic | ||||
| Derivative and parallel units | |||||
| Fractional | Centavo ( 1 ⁄ 100 ) | ||||
| Coins and banknotes in circulation | |||||
| Coins | 1, 5, 10, 25 pesos | ||||
| Banknotes | 10, 20, 50, 100, 200, 500, 1000, 2000 pesos | ||||
| Issue and production of coins and banknotes | |||||
| Emission Center (Regulator) | Central Bank of the Dominican Republic | ||||
| www.bancentral.gov.do | |||||
One Dominican peso is equal to 100 centavos . On banknotes of the 1961 sample, the exchange unit is called the “golden centavo” ( Spanish: centavo oro ).
Banknotes with a face value of 2000, 1000, 500, 200, 100, 50, 20, 10 pesos and coins of 25, 10, 5, 1 pesos are in circulation. Until 2000, coins of 50, 25, 10, 5, and 1 centavo were in circulation.
In the Dominican Republic, money is still used as a weight when weighing. In order to avoid misunderstandings, on a coin of 10 centavos denomination, “2 1/2” grams is indicated next to the face value.
Content
- 1 History
- 2 Coins
- 3 Banknotes
- 4 Exchange Rate Mode
- 5 notes
History
For the first time, the Dominican peso was introduced simultaneously with the declaration of independence of the country from Haiti in 1844. It replaced the Haitian gourde at face value and was divided into 8 reais. In 1877, the exchange currency of the peso was centavo in the ratio of 1 peso = 100 centavos. In 1891, a new currency was introduced - the Dominican franc, which, however, did not replace the peso, but was in circulation simultaneously with it. The Dominican franc was introduced in order to enter the country into the Latin Coin Union , but was already canceled in 1897. In 1905, the Dominican Republic became financially dependent on the United States , and the peso was replaced by the US dollar in the ratio of 1 dollar = 5 pesos. The peso was reintroduced in 1937 and was in circulation on a par with the US dollar until 1947, after which the circulation of the dollar was discontinued.
Coins
Currently in circulation are coins in denominations of 1, 5, 10, 25 pesos. The modern coin in 1 peso was issued in 1991, in 5 pesos in 1997. In 2005, coins of 10 and 25 pesos appeared. Formally, there are coins in denominations of 1, 5, 10, 25 centavos, but due to inflation today they are almost never found.
Banknotes
From 1937 to 1947, only US dollar banknotes were in circulation, the peso was represented by coins. In 1947, the issuance of banknotes in denominations of 1, 5, 10, 20, 50, 500 and 1000 pesos began, which were printed by a private American company American Bank Note Company . In 2005, banknotes of 10 and 20 pesos were replaced with coins of 10 and 25 pesos. Currently in circulation are banknotes in denominations of 50, 100, 200, 500, 1000 and 2000 pesos. The banknote of 20 pesos is a polymer [1] . In 2014, the design update of all banknotes began in order to protect against counterfeiting [2] .
Exchange Rate Mode
| Market rate | ||||||||
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Notes
- ↑ Dominican Republic new 20-peso oro polymer note confirmed BanknoteNews.com. Retrieved 2011-10-16.
- ↑ Dominican Republic new 50, 100, and 500-peso dominicano notes confirmed BanknoteNews.com. October 13, 2014. Retrieved on 2014-10-13.