Tourist countries \ Dominican Republic \ What money in the Dominican Republic: currency 'Dominican peso'

What money in the Dominican Republic: currency 'Dominican peso'

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The Dominican currency is the Dominican peso. The Dominican peso had two versions. The latest version, which you will use when traveling to the Dominican Republic, is called "peso oro" or "golden peso". It sounds beautiful, but this currency does not have any direct relation to gold, it's just a beautiful name.

After the declaration of Dominican independence in 1844, the Dominican peso was introduced. The first variant of the Dominican peso was very interesting, 1 peso was divided into 8 reales. Not very convenient, but Dominicans lived with such currency for more than thirty years until 1877, when the division of the Dominican peso into 100 centavos was introduced. From that moment the currency changed only appearance, but not the principle, the centavo "go" to this day.

Centavo is often written with the letter "c", which seems more logical, in English for example, Dominican kopecks are written as "centavo".

Note that both pesos and centavos have a middle genus in Russian. It's right to say Dominican Peso and Dominican CENTA.

In the Dominican Republic from 1891 to 1897 there were even two currencies at the same time. The second currency was the Dominican franc. The Dominican franc was introduced in order to enter the country in the Latin monetary union, this was an attempt of European countries to introduce a single currency. This attempt failed, and the Dominican franc was withdrawn from circulation. Why do we need to participate in this venture we do not understand.

In 1905, the Dominican Republic became financially dependent on the United States, and the US dollar became the official currency of the country, for a while the Dominican peso ceased to exist. A new peso was issued only in 1937, and it has already become known as the "golden" one.

The Golden Peso, in the literal sense of the word, existed in reality. It was a 30 peso coin. It was released in 1955 as a commemorative coin, along with a silver coin worth 1 Dominican peso.

These coins can be found in the museum or look at the photo to our article. In the photo on the left, the real money is gold.

Let's talk about whether it is necessary to use the Dominican peso.

Theoretically, you can do without the local currency. We did not see a single trader who refused to "green" money. American dollars are taken by all private traders who sell goods and provide services. If you get into a large supermarket or try to buy a ticket to the museum, then in any case you will have to communicate with the local currency. Our recommendation, when you come to the Dominican Republic, change a few dollars for a peso, about 100 USD for such cases will be enough.

Current course:

Exchange rates for: January 24, 2013

1 Dominican peso = 1.160 Russian rubles
1 Dominican peso = 0.021 US dollars
1 Dominican peso = 0.017 euros

1 Russian ruble = 0.862 Dominican pesos
1 American dollar = 48.580 Dominican pesos
1 euro = 60.150 Dominican pesos

It is a symbol of the Dominican peso. There is no mistake, it is denoted by a symbol that is the same as the US dollar.

This symbol does not belong to the US currency, it is designated by more than 20 currencies in different countries of America. Have you noticed that in all materials on we never use it? When we need to designate the US dollar, we use the abbreviation "USD". We do it so that we do not get confused.

In addition to the Dominican peso and the US dollar, this symbol denotes almost all currencies bearing the name of the dollar and peso, as well as some currencies called escudos. Often symbols are added to the symbol to accurately indicate the currency, for example, the Mexican peso is designated as "mex $".

Let's talk a little about this symbol, it has nothing to do with the letter "S". And the symbol that you see in the image on the left, in fact - a simplified version. The full version contains two sticks.

Two sticks designate the "pillars of Hercules", the so-called Strait of Gibraltar, connecting the Mediterranean Sea with the Atlantic Ocean. Around the symbol of the pillars is a tape. The meaning of the symbol can be expressed as: "Strait of Gibraltar, there is no further land". This symbol became the emblem of the Spanish kings shortly before the discovery of America by Christopher Columbus. We assume that for people who came to America, this symbol was a good source of jokes. Indeed, there is a great deal of irony in this.

The official bank designation of the Dominican Peso is DOP.

It is described as "RD $". Sometimes even on the price tags a "$" symbol is simply displayed. Often there are difficulties, since both currencies are denominated identically. You can choose things and be sure that it costs a few Dominican pesos, and the merchant will tell you that it's a few dollars.

Now we will talk about the physical representation of this currency, about coins and bills.

The main coins that you will see in the Dominican Republic will be 5, 10 and 25 Dominican pesos.

These coins are interesting, each has its own charm and is individual. Each depicts his own figure, which we will represent:

On the coin of 5 pesos is depicted Juan Pablo Duart, the founder of the Dominican Republic.

On the coin of 10 pesos is depicted, Grigorio Lupiro, the second founder of the Dominican Republic.

On the coin of 25 pesos is depicted Ramon Matias Mella, the hero of the War of Independence.

The coin in 1 peso is not so common now, the coin depicts Francisco de Rosario Sanchez, also one of the founders of the Dominican Republic. Almost all the money in the country is devoted to the theme of independence and patriotism.

It should be remembered that a 1 peso coin is larger in size than a 5 peso coin. To be honest, the Russians in the coins are mistaken rarely, we are used to the fact that a 10-ruble coin is of a smaller size than 5 rubles, and we do not have the habit of counting the coins to the touch.

Dominican peso denominations have denominations of 20, 50, 100, 200, 500, 1000 and 2000 pesos.

The bills depict the historical places of the Dominican Republic and the famous figures of the country.

Important note, take note. In the last ten years, several issues of different denominations have been produced. Banknotes of the same value can differ not only in images, but in color. Be vigilant, check the denomination of the banknote before handing it over to the seller.

Collectible money, what to look for a numismatist in the Dominican Republic.

In 1992, special notes were issued in 500 pesos dedicated to the 500th anniversary of the discovery of America by Christopher Columbus. He is depicted on them. To meet such a bill is now almost impossible, the remnants of these denominations went to collections. To get such a copy does not need to go to the Dominican Republic, it's easier to buy on e-bay.

The second interesting note is a note in 20 pesos, it is different in that it is plastic. Do not be surprised if these bills tactile (to the touch) will be different from others.

And the last tip concerns the exchange of money. Look attentively at the rate in the exchange offices, it can vary greatly in the hotel and in the bank. We can not tell you where it is better to change the currency, since it is impossible to predict where a good course will be, where it's bad. See the current course on our website and try to change at a rate that differs by no more than 3% from it.

Details about banknotes

In the last section of our article, we will describe in detail what is depicted on both sides of the Dominican peso. Recall that the denomination of 20 pesos is made of plastic, a decision the central bank of the Dominican Republic took in connection with the strong wear of this most popular bill.

20 pesos

Front side. Pictured is Grigorio Luperon, 20th president of the Dominican Republic. He became famous for the fact that after the annexation of the country by Spain he fought for independence. He is considered one of the national heroes in the Dominican Republic.

Backside. The National Pantheon, a building in Santo Domingo, in which many famous figures of the country are buried. The building was built as a Jesuit church, later used as a warehouse and theater, and only in the middle of the 20th century began to be used as a mausoleum.

50 pesos

Front side. Cathedral of Santa Maria la Minor in Santo Domingo. It is the oldest Christian cathedral on the American continents, it was built in 1512-1540, America itself was discovered by Christopher Columbus in 1492.

Backside. The basilica of the Nuestra Senora de la Altagrícia, in its current form, was built in 1970, in 1992 Pope John Paul II visited it.

100 pesos

On the front side are depicted just three famous figures of the Dominican Republic. Francisco de Rosario Sanchez, Juan Pablo Duarte and Matthias Ramon Mella. These are the founding fathers of the independent Dominican Republic.

On the other side, the Puerta del Conde, is a fort where in 1844 the independence of the Dominican Republic was proclaimed and the national flag was raised for the first time. This place is also located in Santo Domingo. A denomination of 100 Dominican pesos can be safely called the most revolutionary.

200 pesos

On the front side are the sisters Mirabal. Rather, on a bill of paper, the portraits of three sisters of four. This is a very sad story, in the middle of the 20th century they fought against the dictator Rafael Trujillo. They were killed in 1960.

On the back you see a monument built in honor of the sisters Mirabal. It was built to mark the 25th anniversary of the killing of sisters, this monument is located near the house where they lived in the city of Santiago de los Cabellos.

500 pesos

On the front side are depicted Salom Urena and Pedro Enrique Urena. This is NOT a husband and wife, do not confuse. It's mother and son. They were publicists, poets and teachers, they made a huge contribution to the literary culture of the Dominican Republic.

On the second side of the note you see the building of the Central Bank of the Dominican Republic. The bank was founded in 1947, and since then it manages the financial policy of the country. His image on the bill can be considered a compliment to the bank itself.

500 pesos - memorable

This 500 peso note was issued for the 500th anniversary of the discovery of America. On one side is the discoverer of the continents Christopher Columbus himself, on the back you will find the most important sight of Santo Domingo, the Columbus Lighthouse, which is shown at the time of the light show.

This bill is very rare, but not many know that also a special 20 peso note was issued by this date, but it is even rarer.

1000 pesos

On the front side is the Dominican National Palace. This is the official residence of the president of the country. The building was built in 1944 in honor of the centenary of the country's independence. This is the same symbol of the country as the Kremlin in Russia or the White House in the United States.

On the reverse side you will find the Alcazar de Colon, one of the oldest buildings in the Americas, built in 1509 by Diego Colon, the son of Christopher Columbus.

2000 pesos

On the front side of the portraits of Emilio Prudomme and Jose Rufino Raes Siancas, these are the authors of the Dominican national anthem.

On the reverse side is the National Theater, it is in Santo Domingo and is part of the "Cultural Square" architectural complex. This building was built recently in 1973 year.

Other interesting facts about the Dominican Republic can be found in our other articles ( links below ).

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