The coins were all of identical weights, diameter, and composition to U.S. The 1 centavo instead depicted a palm tree, the symbol of the ruling Dominican Party. All coins bore the national arms on the reverse while all except the 1 centavo bore a crowned allegorical Indian head on the obverse. The designs of these coins were very similar to those of the franco.Ĭoins were introduced in 1937 in denominations of 1, 5, 10, 25 centavos and 1⁄ 2 pesos with limited numbers of 1 peso coins first minted in 1939. After the franco was abandoned, silver coins were introduced in 1897 in denominations of 10 and 20 centavos, 1⁄ 2 and 1 peso. In 1891 Dominican Republic entered in the Latin Monetary Union and changed its currency to the franco including coins of 5 and 10 centesimos struck in bronze and 50 centesimos, 1 and 5 francos struck in silver. 1⁄ 4 centavo coins were also issued between 18. Decimalization in 1877 brought about the introduction of three new coins, the 1, 2 + 1⁄ 2 and 5 centavos. This was the 1⁄ 4 real, issued in 1844 in bronze and in both 18 in brass. Only one denomination of coin was issued by the Dominican Republic before decimalization. dollar, although the dollar continued to be used alongside the peso oro until 1947.Ĭoins First peso, 1844–1905 The peso oro was introduced in 1937 at par with the U.S. dollar, at a rate of 5 pesos to the dollar. However, in 1905, the peso was replaced by the U.S. A second currency, the franco, was issued between 18 but did not replace the peso. The Dominican Republic decimalized in 1877, subdividing the peso into 100 centavos. It replaced the Haitian gourde at par and was divided into 8 reales. The first Dominican peso was introduced with the country's independence from Haiti in 1844. With exception of the United States dollar, it is the only currency that is legal tender in the Dominican Republic for all monetary transactions, whether public or private.īefore 2011, peso oro (English: Gold peso) was the official name of the currency of the Dominican Republic. Each peso is divided into 100 centavos ("cents"), for which the ¢ symbol is used. Its symbol is " $", with "RD$" used when distinction from other pesos (or dollars) is required its ISO 4217 code is "DOP". Peso dominicano (English: Dominican peso) has been the name of the currency of the Dominican Republic ( Spanish: República Dominicana) since 2011. Dominican peso peso dominicano ( Spanish)ĥ0, 100, 200, 500, 1000, 2000 pesos dominicanosġ0, 25, 50 Centavos, 1, 2, 5, 10, 20 Pesos Dominicanosġ, 5, 10, 25 centavos and 1⁄ 2 peso dominicano (discontinued, still legal tender) For the currency of Dominica, see Eastern Caribbean dollar.
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