Dominican peso


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Noun1.Dominican peso - the basic unit of money in the Dominican Republic; equal to 100 centavos
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
Translations
dominikanischer Peso
References in periodicals archive ?
Compiled by Christina Blaney DESTINATION PUNTA CANA TIME ZONE: GMT-4hrs Currency: Dominican Peso (DOP) and US Dollars (US$).
uk/worldwidecosts TOP 10 PO 2014 HOT SPOTS 1 Bali (right) 2 Croatia 3 Dominican Republic 4 Portugal 5 South Africa 6 Japan 7 New Zealand 8 Oman 9 United Arab Emirates 10 Vietnam | Ones to watch: Burma, Qatar, the Philippines TOP 10 FASTEST GROWING CURRENCY SALES 2013 1 Vietnamese dong (+94%) 2 Dominican peso oro (+82%) 3 Russian ruble (+53%) 4 New Zealand dollar (+45%) 5 Australian dollar (+40%) 6 Mexican peso (+33%) 7 = Qatar riyal/South African rand/ Trinidad & Tobago dollar (+31%) 10 Croatian kuna (+30%) Figures in brackets show rise over last 12 months.
The Dominican peso fell to an unprecedented low in exchange markets in 2003-2004 but strengthened dramatically following the election and inauguration of Leonel Fernandez.
The basic economic reason for the large-scale displacement of Dominicans to Puerto Rico is the wide discrepancy in the wage levels of the two countries--especially since the early 1980s, with the constant devaluation of the Dominican peso vis-a-vis the U.
Between February 2003 and February 2004, the Dominican peso took a tremendous dive from 18 to the U.
However, the BanInter banking scandal in Santo Domingo, which triggered a sharp devaluation of the Dominican peso (from RD$17 per dollar in early 2003 to RD$44 per dollar last month), has dramatically weakened the purchasing power of Dominican firms interested in buying high-value products from the Cubans.
The official currency is the Dominican peso, but almost every transaction is done in American dollars.

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