Dominican Peso

The Dominican peso (DOP) is the currency of the Dominican Republic. It is subdivided into 100 centavos, and its ISO 4217 code is DOP. The symbol for the peso is "$". Historically, the peso was also a name for the eight-real coins used in Spain and its colonies prior to the introduction of the Spanish dollar in the late 18th century. The Dominican peso is one of the oldest currencies in the Americas. The first Dominican pesos were minted in Spain in 1496. The peso was the name of the eight-real coins used in Spain and its colonies prior to the introduction of the Spanish dollar in the late 18th century. The Dominican Republic began issuing its own coins in 1844. The peso replaced the Spanish dollar as the official currency of the Dominican Republic in 1859. The peso was subdivided into 100 centavos, with the centavo being worth one-hundredth of a peso. The Dominican peso has been relatively stable against the US dollar, with a rate of around 20 pesos to the dollar being common in recent years. The peso is the currency of the Dominican Republic. It is subdivided into 100 centavos, and its ISO 4217 code is DOP. The symbol for the peso is "$". The Dominican peso is one of the oldest currencies in the Americas, with the first coins being minted in Spain in 1496. The peso replaced the Spanish dollar as the official currency of the Dominican Republic in 1859. The peso is relatively stable against the US dollar, with a rate of around 20 pesos to the dollar being common in recent years.