The US dollar was trading at 54.62 Dominican pesos at the time of its opening, which meant a 0.2% decrease compared to the previous day's price when it ended at 54.73 Dominican pesos.
In relation to profitability last week, the US dollar still fell 3.67% during the year, since it decreased by 0.18%. Using this value in relation to the previous day reduces the amount of marches shown in the previous two days. This final stage is changing less than expected, since the volatility figure is clearly lower than the data achieved last year (8.41%).
In theannual photo, the US dollar turned into 57.67 Dominican pesos, and the lowest level was 53.74 Dominican pesos. The US dollar is closer to a point below its maximum.
Dominican Peso The Dominican Peso is
theofficial currency of the Dominican Republic, abbreviated as PDO, and dates back to 1971 after violating the gold standard. Initially it was called “gold peso” or “Dominican gold peso”.
In 2010, the Constitution was amended to define that “the unit of national currency is the Dominican peso”. After that, in 2017, the gradual replacement of banknotes and coins began with the old Dominican peso inscription.
The banknotes currently in circulation are 50, 100, 200, 500, 1,000, and 2,000 pesos. The 5 and 10 peso banknotes stopped circulating and were replaced by coins of 5, 10, and 25 pesos respectively. Meanwhile, on the occasion of the 500th anniversary of the discovery of the United States and the arrival of the new millennium, 500 pesos and 2,000 pesos of gold bills were issued.
All banknotes have “this banknote has the liberation power to pay all public or private obligations.” There is a phrase.
Regarding the economy, the Central Bank announced that its gross domestic product (GDP) in 2021 closed at 12.3%, reflecting the economic recovery. It also reached 4.7% in 2021 compared to 2019, indicating a return to pre-pandemic levels.
On the other hand, the coronavirus pandemic affected the Dominican Republic when talking about inflation, since it remained at 8.5% at the end of 2021. By 2022, the Central Bank estimates that the GDP of the Dominican Republic will increase between 5.5% and 6.0%.
Agencies
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