dominican monetary unit Synonyms
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dominican monetary unit Meaning
Wordnet
dominican monetary unit (n)
monetary unit in the Dominican Republic
dominican monetary unit Sentence Examples
- The Dominican monetary unit, the Dominican peso, is the official currency of the Dominican Republic.
- The Dominican peso is abbreviated as RD$ or DOP.
- One Dominican peso is divided into 100 centavos.
- The Dominican peso was introduced in 1844 after the Dominican Republic gained independence from Haiti.
- The Dominican peso is currently pegged to the United States dollar at a rate of 1 USD to 53 DOP.
- The Dominican peso is the most widely accepted currency in the Dominican Republic, although US dollars are also widely accepted.
- The Dominican peso has been relatively stable over the past few years, with an average inflation rate of around 4%.
- The Dominican peso is used in all government transactions and in most private sector transactions.
- The Dominican peso is also used in some international transactions, although the US dollar is more commonly used.
- The Dominican peso is a popular currency among tourists, as it is relatively easy to exchange and is accepted in most tourist areas.
FAQs About the word dominican monetary unit
monetary unit in the Dominican Republic
No synonyms found.
No antonyms found.
The Dominican monetary unit, the Dominican peso, is the official currency of the Dominican Republic.
The Dominican peso is abbreviated as RD$ or DOP.
One Dominican peso is divided into 100 centavos.
The Dominican peso was introduced in 1844 after the Dominican Republic gained independence from Haiti.
