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Want to know the local currency in Dominican Republic? The local currency in Dominican Republic is called Peso.

The Dominican Peso is issued and managed by the Central Bank of the Dominican Republic. To find out the current currency exchange rates for Peso to other major currencies of the world, click on foreign currency rates.

Dominican Currency Information
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The currency used in Dominican Republic is called as the Peso. This currency is denoted with the currency sign $ or RD$ and the ISO 4217 Code for the Dominican Peso is DOP. The Peso, is the official currency of the Dominican Republic . It is divided into 100 smaller units called centavo.

The constitution of Dominican Republic provides that the Dominican Republic government shall have the power to print the Dominican Peso and centavo coins to be used as a legal tender in Dominican Republic. The Dominican Peso bank notes and Centavo coins are both designated as "legal tender" in payment of debts.

The Dominican Peso bill uses the decimal system, consisting of 100 equal units.

The symbol $ or RD$, usually written before the numerical amount, is used for the Dominican Peso.

Currently printed bank notes denominations are $20, $50, $100, $200, $500, $1000, $2000 and the coins are minted in the denominations of $1, $5, $10, $25 .

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The Effect of Balance of Trade and Investment on Dominican Peso
Financial analysts regularly cite the balance of trade and investment in Dominican Republic as the most important influence on the value of the Peso. The difference between what the Dominican Republic exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Peso exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Peso exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Dominican Peso.

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