The US dollar was trading at the opening at 54.62 Dominican pesos, which meant a decrease of 0.2% compared to the previous day's price when it ended at 54.73 Dominican pesos.
In relation to profitability last week, the US dollar decreased by 0.18%, which is why it is still down 3.67% over the course of the year. Using this value in relation to the past day reduces the amount of marches shown in the previous two days.This final phase 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 located closer to its low point than its maximum.
Dominican Peso The Dominican Peso
is the official 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.
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, the 500 pesos and 2,000 pesos of gold banknotes were issued on the occasion of the 500th anniversary of the discovery of the United States and the arrival of the new millennium.
Onevery banknote there is a phrase: “This banknote has the liberation power to pay all public or private obligations.”
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 has 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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