Dominican Republic: dollar opening price today June 23 from USD to DOP

The American dollar is quoted at the opening 54.19 Dominican pesos on averagewhich implied a decrease of 0.39% compared to the 54.40 Dominican pesos on average in the previous session.

Taking into account the last week, the American dollar notes an increase in 0.21%; but in the last year he still accumulates a decrease of 4.07%. As for the changes of this day compared to previous days, it changes the direction of the previous result, where it marked a rise of 0.03%, showing itself unable to consolidate a trend in recent times. The volatility of the last seven days shows a balance that is clearly higher than the volatility shown in the figures for the last year, so it is presenting a more unstable behavior.

In the annual photo, the American dollar it has been paid at a maximum of 57.67 Dominican pesos on average, while its lowest level has been 53.74 Dominican pesos on average.

dominican peso

The Dominican peso is the official currency of the Dominican Republic It is abbreviated as DOP and its creation dates back to 1971 after the rupture of the gold standard. At first it was called “peso oro” or “Dominican gold peso”.

For the year 2010, a modification was made to the Constitution to define that “The national monetary unit is the Dominican Peso”; After that, in 2017 a gradual replacement of bills and coins began with the old inscriptions of Dominican pesos.

The bills that are currently in circulation are 50, 100, 200, 500, 1,000 and 2,000 gold pesos. The 5 and 10 peso bills stopped circulating and they were replaced by coins of 5, 10 and 25 pesos respectively. Meanwhile, the 500 and 2,000 gold peso bills were issued on the occasion of the 500th anniversary of the discovery of America and the arrival of the new millennium.

It should be noted that all the bills bear the phrase: “This bill has liberating force for the payment of all public or private obligations.”

In the economic branch, the Central Bank announced that the country closed 2021 with a Gross Domestic Product (GDP) of 12.3%, as a reflection of the economic reactivation. Likewise, it stood at 4.7% in 2021 compared to 2019, which speaks of a return to pre-pandemic levels.

On the other hand, the coronavirus pandemic has affected the Dominican Republic when talking about the inflationsince the rate stood at 8.5% at the end of 2021. For this 2022 the Central Bank estimates that the GDP of the Dominican Republic could increase between 5.5% and 6.0 percent.

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