Dominican Peso - DOP


The Dominican Peso (DOP) is the official currency in the Dominican Republic. The symbol for the Peso is $. To distinguish between the US Dollar and the Peso the symbol RD$ is used. The subdivision for the Peso is centavos; 1 peso = 100 centavos.


  • The Dominican Republic’s economy is rated 2nd in the Caribbean.
  • Tourism and agriculture play an important role in the economy.
  • The tourism industry contributed more than 1 billion USD a year. Recently industry overtook agriculture.
  • The main industries are textiles, cement, gold mining, tobacco, tourism, and sugar processing.
  • Export products are meats, gold, sugar, silver, ferronickel, consumer goods, coffee, tobacco, and cocoa.
  • Import products are fabrics and cotton, chemicals, petroleum, foodstuffs, and pharmaceuticals.
  • Inflation is estimated at 6.3% and unemployment at 14.2%.
  • The country trades mainly with the USA and is a free-trade zone.


  • The Peso was introduced in 1844 after the country gained independence from Haiti.
  • In 1877, the Peso was subdivided into centavos.
  • A second currency called the Franco was introduced to the Dominican Republic from 1891 to 1897 and was used as an additional currency.
  • In 1905, the US Dollar replaced the Peso at 5 Pesos = 1 USD.
  • In 1937, the Peso Oro was distributed and was used along with the Dollar until 1947.
  • In 1947, the first Peso banknotes were printed and distributed by the Central Bank.
  • In 1961, the banknotes were extended to the lower Peso Oro notes.
  • Since 1992, limited editions of the 2000 and 500 Peso Oro notes have been issued. In 2010 the 20 Peso polymer note was issued.

General Information

Symbols and Names

  • Symbols: RD$
  • Nicknames: none

ISO 4217 Code


Currency Subunits

  • Centavo = 1/100 of a Peso


  • Bills: $20, $50, $100, $200, $500, $1,000, $2,000
  • Coins: $1, $5, $10, $25

Countries Using This Currency

  • Dominican Republic

Currencies Pegged To DOP :


DOP Is Pegged To: