Dominican peso
peso oro (Spanish) | |
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 | | Banknotes | 1997 1 and 5 peso coins | | | ISO 4217 Code | DOP | | User(s) | Dominican Republic | | Inflation | 8.2% | | Source | The World Factbook, 2006 est. | | Subunit | | | 1/100 | centavo | | Symbol | RD$ | | Coins | | | Freq. used | 25¢, 50¢, $1, $5, $10, $25 | | Rarely used | 1¢, 5¢, 10¢ | | Banknotes | $50, $100, $500, $1000, $2000 | | Central bank | Banco Central de la República Dominicana | | Website | www.bancentral.gov.do | The peso oro is the currency of the Dominican Republic. Its symbol is "$", with "RD$" used when distinction from other pesos (or dollars) is required; its ISO 4217 code is "DOP". Each peso is divided into 100 centavos, for which the ¢ symbol is used. It is the only currency which is legal tender for all monetary transactions, whether public or private, in the Dominican Republic. Image File history File links Rd$.jpg Summary Currency of the Dominican Republic Licensing This image has been released into the public domain by the copyright holder, its copyright has expired, or it is ineligible for copyright. ...
Image File history File links Size of this preview: 565 × 599 pixelsFull resolution (1449 × 1537 pixel, file size: 660 KB, MIME type: image/jpeg) Dominican Republic, coins Scan from own collection File links The following pages on the English Wikipedia link to this file (pages on other projects are not...
1997 (MCMXCVII) was a common year starting on Wednesday of the Gregorian calendar. ...
Centavo is a Spanish word derived from the Latin Centum meaning hundred. It is a fractional monetary unit, used to represent one hundredth of a basic monetary unit in many countries around the world including: Argentina Bolivia Brazil Cape Verde Chile Colombia Dominican Republic Ecuador El Salvador Guatemala Guinea-Bissau...
$ The dollar sign ($) is a symbol primarily used to indicate a unit of currency. ...
The Banco Central de la República Dominicana (BCRD) was established by the Monetary and Banking Law of 1947 as the central bank of the Dominican Republic, responsible for regulating the countrys monetary and banking system. ...
$ The dollar sign ($) is a symbol primarily used to indicate a unit of currency. ...
The peso is a unit of currency. ...
United States one-dollar bill Canadian one-dollar coin (Loonie) One New Taiwan dollar Australian one-dollar coin 500 old Zimbabwean dollars The dollar (often represented by the dollar sign: $) is the name of the official currency in several countries, dependencies and other regions. ...
ISO 4217 is the international standard describing three letter codes (also known as the currency code) to define the names of currencies established by the International Organization for Standardization (ISO). ...
Legal tender or forced tender is payment that cannot be refused in settlement of a debt denominated in the same currency by virtue of law. ...
History
For an earlier currency used in what is now the Donimican Republic, see Santo Domingo real. The real was the currency of Santo Domingo (now the Dominican Republic) until 1822. ...
The first Dominican peso was introduced in 1844. It replaced the Haitian gourde at par and was divided into 8 reales. The Dominican Republic decimalized in 1877, subdividing the peso into 100 centavos. A second currency, the Dominican franco, was issued between 1891 and 1897 but did not replace the peso. However, in 1905, the peso was replaced by United States currency, at a rate of five pesos to the dollar. The peso oro was introduced in 1937 at par with the US dollar, although the dollar continued to be used alongside the peso oro until 1947. The gourde is the currency of Haiti. ...
The franco was a currency introduced in the Dominican Republic in 1891. ...
The United States dollar is the official currency of the United States. ...
The United States dollar is the official currency of the United States. ...
Coins
First peso, 1844–1905 Only one denomination of coin was issued by the Dominican Republic before decimalization. This was the ¼ real, issued in 1844 in bronze and in both 1844 and 1848 in brass. Decimalization in 1877 brought about the introduction of three new coins, the 1, 2½ and 5 centavos. 1¼ centavo coins were also issued between 1882 and 1888. After the franco was abandoned, silver coins were introduced in 1897 in denominations of 10 and 20 centavos, ½ and 1 peso. The designs of these coins were very similar to those of the franco.
Peso Oro, from 1937 Coins were introduced in 1937 in denominations of 1, 5, 10 and 25 centavos and ½ pesos with small numbers of 1 peso coins first minted in 1939. The full name of the currency has never appeared on coins, only "peso". Base metal replaced silver in the higher denominations in 1967. Since 1991, coins of denominations 1, 5, 10 and 25 pesos have been introduced. However, due to chronic inflation, coins below ½ peso are now rarely found.
Banknotes
First peso, 1844–1905 Paper money made up the bulk of circulating currency for the first peso, with denominations ranging from 5 centavos up to 200 pesos. Image File history File links Size of this preview: 800 × 347 pixelsFull resolution (1808 × 785 pixel, file size: 1. ...
Image File history File links Size of this preview: 800 × 347 pixelsFull resolution (1808 × 785 pixel, file size: 1. ...
Peso Oro, from 1947 When the peso oro was introduced in 1937, no paper money was made and US notes continued to circulate. Only in 1947 were the first peso oro notes issued by the Central Bank in denominations of 1, 5, 10, 20, 50, 100, 500 and 1000 pesos oros. In 1961, low value notes were issued in denominations of 10, 25 and 50 centavos. 2000 pesos oros notes were introduced in 2000.
Banknotes currently in circulation are 10, 20, 50, 100, 500, 1000 and 2000 pesos oros. Limited-editions of the 500 and 2000 pesos oros notes were issued for the 1992 500th anniversary of the discovery of the Americas and year 2000 millennial celebrations, respectively, but as of 2005 not many of these remain in circulation. we have no information on anything important just a whole bunch of shit 2005 is a common year starting on Saturday of the Gregorian calendar. ...
Relation with the U.S. dollar The United States dollar is used as a reserve currency by the Dominican Central Bank. Also, when convened by both parties, both U.S. dollars and the Euro can be used in private transactions (this applies mostly in tourism-related activities). This was most true during the drastic inflational period of 2003–2004, locally referred as El Huracán Mejía (The Hurricane Mejía). The name came from the ex-President at the time, Hipólito Mejía. ISO 4217 Code USD User(s) the United States, the British Indian Ocean Territory,[1] the British Virgin Islands, Cambodia, East Timor, Ecuador, El Salvador, the Marshall Islands, Micronesia, Palau, Panama, Turks and Caicos Islands, and the insular areas of the United States Inflation 2. ...
A reserve currency (or anchor currency) is a currency which is held in significant quantities by many governments and institutions as part of their foreign exchange reserves. ...
The Central Bank of the Dominican Republic (Spanish: , BCRD) was established by the Monetary and Banking Law of 1947 as the central bank of the Dominican Republic, responsible for regulating the countrys monetary and banking system. ...
Rafael Hipólito MejÃa DomÃnguez (born February 22, 1941, in Gurabo, Santiago Province), was President of the Dominican Republic from August 16, 2000 to August 16, 2004. ...
Historical exchange rates Historically, since the first monetary emission in 1948, the peso was worth about the same as a United States dollar. ISO 4217 Code USD User(s) the United States, the British Indian Ocean Territory,[1] the British Virgin Islands, Cambodia, East Timor, Ecuador, El Salvador, the Marshall Islands, Micronesia, Palau, Panama, Turks and Caicos Islands, and the insular areas of the United States Inflation 2. ...
During the 1980’s and 1990’s the exchange rate for U.S. dollar vs Dominican peso was as follows:
- 1984 $US 1 to RD$ 1.25
- 1993 $US 1 to RD$ 14.00
- 1998 $US 1 to RD$ 16.00
- 2002 $US 1 to RD$ 20.00
- 2006 $US 1 to RD$ 32.00
In 2003 the peso dramatically plummeted; a single US dollar was worth almost RD$57.00. 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ...
Since 2004 the peso has reached a more manageable rate of 29–34 pesos to 1 U.S. dollar. As of December 2005, there were some 39 pesos to the euro, or around 33 to the U.S. dollar. In the black market, the currency exchange may be six times higher. 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ...
ISO 4217 Code EUR User(s) Andorra, Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Kosovo, Luxembourg, Monaco, Montenegro, the Netherlands, Portugal, San Marino, Slovenia, Spain, Vatican City Inflation 1. ...
Current DOP exchange rates
See also Islands in and near the Caribbean This is a list of the central banks and currencies of the Caribbean. ...
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