Author Topic: Dominican Republic: The Peso Becomes ...  (Read 595 times)

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Offline chrisild

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Dominican Republic: The Peso Becomes ...
« 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:

(The figures from 1 to 8 explain the design elements, see here.)

The new coin, dated 2017 in the image below, has apparently just been released into circulation. It now says "Peso Dominicano":

(Image from this article.) Currently 1 peso is ~0.017 euro.

Christian

Offline <k>

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Re: Dominican Republic: The Peso Becomes ...
« Reply #1 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?

Offline chrisild

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Re: Dominican Republic: The Peso Becomes ...
« Reply #2 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

Offline <k>

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Re: Dominican Republic: The Peso Becomes ...
« Reply #3 on: August 27, 2018, 06:44:56 PM »
Thank you.  :)

Offline Pabitra

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Re: Dominican Republic: The Peso Becomes ...
« Reply #4 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.

Offline eurocoin

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Re: Dominican Republic: The Peso Becomes ...
« Reply #5 on: August 28, 2018, 07:28:44 AM »
Quote from: Pabitra
can it not be considered a new series?

No. Not significant enough.

Offline Pabitra

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Re: Dominican Republic: The Peso Becomes ...
« Reply #6 on: June 22, 2019, 09:58:10 AM »
5 pesos have been revised

Offline Pabitra

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Re: Dominican Republic: The Peso Becomes ...
« Reply #7 on: June 22, 2019, 09:59:14 AM »
As has been 10 Pesos.

Revised 25 Pesos still awaited.

Offline eurocoin

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Re: Dominican Republic: The Peso Becomes ...
« Reply #8 on: August 11, 2019, 11:49:27 AM »
Revised 25 pesos will be released as of September 30.