World of Coins

Modern coins, pseudo coins and trade tokens of other continents => Caribbean => Topic started by: chrisild on August 27, 2018, 12:59:37 PM

Title: Dominican Republic: The Peso Becomes ...
Post by: chrisild on August 27, 2018, 12:59:37 PM
The currency of the Dominican Republic is the peso - and in order to distinguish that from other pesos, the paper money notes specifically say "Peso Dominicano". Now the coins have been modified as well. Here is an image of the "old" peso coin, from the website of the central bank:
(https://gdc.bancentral.gov.do/Common/public/billetes-y-monedas//images//moneda_1.jpg)
(The figures from 1 to 8 explain the design elements, see here (https://www.bancentral.gov.do/a/d/2746).)

The new coin, dated 2017 in the image below, has apparently just been released into circulation. It now says "Peso Dominicano":
(https://images2.listindiario.com/imagen/2018/08/27/530/530381/680x460/201808270132391/banco-central-pondra-a-circular-nueva-moneda.jpeg)
(Image from this article (https://www.listindiario.com/economia/2018/08/27/530381/banco-central-pondra-a-circular-nueva-moneda).) Currently 1 peso is ~0.017 euro.

Christian
Title: Re: Dominican Republic: The Peso Becomes ...
Post by: <k> on August 27, 2018, 03:43:36 PM
So the monetary value of the new coin you show is represented as "RD$1.00." How was it represented previously - in just the same way?
Title: Re: Dominican Republic: The Peso Becomes ...
Post by: chrisild on August 27, 2018, 05:32:21 PM
Yes, I think so. The ISO code was and is "DOP", and the change they made here is basically a clarification ("this is not just some peso but the Dominican Republic's Peso"). For some strange reason the website of the central bank does not say anything about the new coin ...

Christian
Title: Re: Dominican Republic: The Peso Becomes ...
Post by: <k> on August 27, 2018, 06:44:56 PM
Thank you.  :)
Title: Re: Dominican Republic: The Peso Becomes ...
Post by: Pabitra on August 28, 2018, 05:07:11 AM
As per the news article quoted by Chrisild, this change would be effected across all coins over the next few years, as and when that denomination is minted afresh.
Since the circulation series has 4 denominations and they are likely to be allotted fresh KM#, can it not be considered a new series?

According to this

https://www.listindiario.com/economia/2018/08/27/530486/sociedad-numismatica-explica-razones-de-la-nueva-moneda-de-un-peso

this change is constitutionally mandated in 2010.
Title: Re: Dominican Republic: The Peso Becomes ...
Post by: eurocoin on August 28, 2018, 07:28:44 AM
Quote from: Pabitra
can it not be considered a new series?

No. Not significant enough.
Title: Re: Dominican Republic: The Peso Becomes ...
Post by: Pabitra on June 22, 2019, 09:58:10 AM
5 pesos have been revised
Title: Re: Dominican Republic: The Peso Becomes ...
Post by: Pabitra on June 22, 2019, 09:59:14 AM
As has been 10 Pesos.

Revised 25 Pesos still awaited.
Title: Re: Dominican Republic: The Peso Becomes ...
Post by: eurocoin on August 11, 2019, 11:49:27 AM
Revised 25 pesos will be released as of September 30.