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Dominican peso

   Also found in: Acronyms, Encyclopedia, Wikipedia 0.02 sec.
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Noun1.Dominican peso - the basic unit of money in the Dominican Republic; equal to 100 centavos
peso
centavo - a fractional monetary unit of several countries: El Salvador and Sao Tome and Principe and Brazil and Argentina and Bolivia and Colombia and Cuba and the Dominican Republic and Ecuador and El Salvador and Guatemala and Honduras and Mexico and Nicaragua and Peru and the Philippines and Portugal
Dominican monetary unit - monetary unit in the Dominican Republic


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The sliding exchange rate established by predecessor Hipolito Mejia's administration took the value of the Dominican peso against the dollar from 16 to 1 in the year 2000 to more then 50 to 1 by mid-2004.
Dominican Republic: treasure of the Caribbean Sea by Latin Trade
In light of the severe deterioration in the operating environment during 2003 and 2004, BDP implemented a proactive credit collections policy to reduce its credit risk, while the sudden Dominican Peso (DOP) revaluation since the second half of 2004 resulted in a 22% reduction in the gross loan portfolio.
Fitch Upgrades Banco Dominicano del Progreso's Ratings by Business Wire
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