Dominican Republic - 10 Pesos Oro - P-69 - Foreign Paper Money
Inv# FM3532 Foreign Paper Money10 Pesos Oro, P-69. Edge nick and small stains. Front and back shown. The Dominican peso (Spanish: peso dominicano) has been the official currency of the Dominican Republic since 2010. It uses the symbol "$", with "RD$" used to differentiate it from other currencies like the dollar. The ISO 4217 code for the Dominican peso is "DOP," and it is subdivided into 100 centavos, symbolized by "¢." It is the only currency, aside from the U.S. dollar, that is legal tender in the Dominican Republic for all types of transactions.
Before 2010, the currency was officially known as the peso oro (English: Gold peso). The first Dominican peso was introduced in 1844, following independence from Haiti, replacing the Haitian gourde at par and being divided into 8 reales. In 1877, the Dominican Republic adopted the decimal system, dividing the peso into 100 centavos.
Between 1891 and 1897, a second currency, the franco, was issued but did not replace the peso. In 1905, the peso was replaced by the U.S. dollar at a rate of 5 pesos to 1 dollar. The peso oro was introduced in 1937 at parity with the U.S. dollar, and both currencies were used concurrently until 1947.
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