Dominican Peso · DOP
RD$ symbol · 1 country currently using this currency.
Currency info
Adopted: 1947
Currency family: Peso
The Dominican Peso is one of the few currencies that uses the same symbol (RD$) as its predecessor, making it technically a continuation rather than a replacement.
- Replaced the Dominican Peso of 1844 at a 1:1 ratio in 1947
- Pegged to the US Dollar for much of its history to maintain stability
- Experienced significant devaluation during the 1980s debt crisis
- Now freely floats on foreign exchange markets with periodic central bank interventions
Countries currently using this currency
Related
Other Peso currencies
Historical predecessor
Dominican Peso (1844)