DOPDominican PesoDominican Peso (DOP)
The Dominican peso is the Dominican Republic's national currency and a Caribbean unit serving tourism, manufacturing, services and remittance activity.
- ISO code
- DOP
- Symbol
- $
- Region
- Americas
- Currency type
- Fiat currency
- Exchange system
- The Central Bank of the Dominican Republic issues peso banknotes and coins and conducts national monetary and foreign-exchange policy.
- Last reviewed
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Quick facts
DOP at a glance
Currency profile
How DOP works
The Dominican peso is the Dominican Republic's national currency and a Caribbean unit serving tourism, manufacturing, services and remittance activity.
The Central Bank of the Dominican Republic issues peso banknotes and coins and conducts national monetary and foreign-exchange policy.
- DOP is divided into 100 centavos and must be identified separately from the many other peso currencies in the Americas.
- The modern central-bank peso system dates from the 1947 monetary reform after an earlier period of U.S. dollar circulation.
Context
Why this currency matters
DOP is important because the Dominican Republic combines a large tourism economy with manufacturing exports and family remittances. Historical records span the original nineteenth-century peso, a period of dollar use and the modern central-bank system, so dates and the DOP code prevent confusion.
Monetary framework
Exchange arrangement
The Central Bank of the Dominican Republic issues peso banknotes and coins and conducts national monetary and foreign-exchange policy.
CurrencyHub shows daily reference rates. Banks, card networks, ATMs and transfer providers may apply different exchange rates, fees or spreads.
History timeline
Key dates for DOP
First Dominican peso established
The newly independent Dominican Republic created its own peso monetary unit.
Central Bank of the Dominican Republic - institutional historyCentral bank and peso system created
The Central Bank was established and the national peso returned within a modern monetary framework.
Central Bank of the Dominican Republic - institutional historyPeso dominicano name confirmed
The constitutional and legal naming standardized the current Dominican peso identity.
Central Bank of the Dominican Republic - institutional history
Usage and economy
How DOP is used
- Prices, wages, taxes and payments in the Dominican Republic.
- Caribbean and North American comparisons involving USD, JMD and XCD.
Banknotes and coins
DOP currency units
The Central Bank publishes current Dominican peso banknotes and security information.
The Central Bank documents Dominican peso and centavo circulation coins.
One Dominican Peso unit is recorded with 2 decimal places and uses Centavo as its minor unit.
Related currencies
Currency relationships
Explore currencies connected through regional use, trade comparisons or monetary relationships.
FAQ
DOP questions
Why is DOP important in the Caribbean?
DOP supports a large tourism, manufacturing, service and remittance economy in the Dominican Republic.
When was the Dominican central-bank peso system established?
The Central Bank of the Dominican Republic and the modern national peso framework were established in 1947.
Is DOP the same as USD?
No. DOP is the Dominican Republic's national currency; USD is a separate foreign currency even when businesses quote both.
Sources
Data and editorial review
Rate source: Frankfurter
Last reviewed:
Currency identity and cash information is checked against central-bank, government, ISO and official international sources.