Sign in or 
- EasyEdit
- Edit tags
-
(what's this?What are these tools?
People just like you can add or edit the content on this site. If you want to try editing, but aren't ready to add to this site, try our demo area.
Read more about editing pages at Wetpaint Central.
) - Report page
Share this
Dominican Republic - Peso
The History of the Dominican Peso
"The island of Hispaniola was discovered by Christopher Columbus in 1492 and became the site of the first Spanish settlement in the Americas, called Santo Domingo.
A mint was established in Santo Domingo in 1542, which produced Spanish silver and copper coins.The French Colonial Livre (XFCL), Spanish Escudos (XESE) and British Pound Sterling (GBP) were used in Santo Domingo at different points in time. The Piaster Gourde (HTT) was used in the 1700s and 1800s and was followed on June 30, 1814 by the Silver Gourde (HTS), which was of equal value to the Piastre Gourde. Haiti also issued paper Gourdes (HTP), but these depreciated.
When the Dominican Republic gained its independence, it introduced coins based on the silver dollar in the form of the Silver Peso (DOR), divisible into 8 Reales. Regular issues of coins began in 1937.
On July 1, 1897, the Dominican Republic made the US Dollar (USD), equal to 5 Pesos, legal tender. The US Dollar remained the legal tender until February 1, 1948. The Dominican Republic began issuing Pesos Oro (DOP) banknotes in October 1947 at par with the US Dollar. The Peso is divisible into 100 Centavos. Some banknotes were issued by the government between 1848 and 1870, and by private banks between 1869 and 1912. The Banco Central de la Republica Dominica was founded in 1947 and is the sole note-issuing authority for the Dominican Republic."
Sources: http://www.globalfinancialdata.com/index.php3?action=showghoc&country_name=Dominican_Republic
wikipedia.org
Central Bank Website
"The island of Hispaniola was discovered by Christopher Columbus in 1492 and became the site of the first Spanish settlement in the Americas, called Santo Domingo.
A mint was established in Santo Domingo in 1542, which produced Spanish silver and copper coins.The French Colonial Livre (XFCL), Spanish Escudos (XESE) and British Pound Sterling (GBP) were used in Santo Domingo at different points in time. The Piaster Gourde (HTT) was used in the 1700s and 1800s and was followed on June 30, 1814 by the Silver Gourde (HTS), which was of equal value to the Piastre Gourde. Haiti also issued paper Gourdes (HTP), but these depreciated.
When the Dominican Republic gained its independence, it introduced coins based on the silver dollar in the form of the Silver Peso (DOR), divisible into 8 Reales. Regular issues of coins began in 1937.
On July 1, 1897, the Dominican Republic made the US Dollar (USD), equal to 5 Pesos, legal tender. The US Dollar remained the legal tender until February 1, 1948. The Dominican Republic began issuing Pesos Oro (DOP) banknotes in October 1947 at par with the US Dollar. The Peso is divisible into 100 Centavos. Some banknotes were issued by the government between 1848 and 1870, and by private banks between 1869 and 1912. The Banco Central de la Republica Dominica was founded in 1947 and is the sole note-issuing authority for the Dominican Republic."
Sources: http://www.globalfinancialdata.com/index.php3?action=showghoc&country_name=Dominican_Republic
wikipedia.org
Central Bank Website
|
|
Latest page update: made by
Anonymous
, Nov 29 2007, 12:02 AM EST
(about this update
About This Update
Edited anonymously
1 word added view changes - complete history) |
|
More Info: links to this page
|
There are no threads for this page.
Be the first to start a new thread.
