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A second currency, the franco, was issued between 1891 and 1897 but did not replace the peso. However, in 1905, the peso was replaced by the U.S. dollar , at a rate of 5 pesos to the dollar. The peso oro was introduced in 1937 at par with the U.S. dollar, although the dollar continued to be used alongside the peso oro until 1947.
The Central Bank of the Dominican Republic (Spanish: Banco Central de la República Dominicana, BCRD) was established by the Monetary and Banking Law of 1947 as the central bank of the Dominican Republic, responsible for regulating the country's monetary and banking system.
The Dominican Republic [a] is a North American country located on the island of Hispaniola in the Greater Antilles of the Caribbean Sea in the North Atlantic Ocean.It shares a maritime border with Puerto Rico to the east and a land border with Haiti to the west, occupying the eastern five-eighths of Hispaniola which, along with Saint Martin, is one of only two islands in the Caribbean shared ...
Over the last two decades, the Dominican Republic have been standing out as one of the fastest-growing economies in the Americas - with an average real GDP growth rate of 5.4% between 1992 and 2014. [4] GDP growth in 2014 and 2015 reached 7.3 and 7.0%, respectively, the highest in the Western Hemisphere. [4]
Map of the Dominican Republic. Cities in the Dominican Republic, in accordance with the definition of urban population for purposes of the 2002 census, [1] are the urban centers and seats (cabeceras literally heads) of municipalities (municipios singular municipio), the sec level political and administrative subdivisions of the country, or of municipal districts (distritos municipales) within ...
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The Dominican Civil War (Spanish: Guerra Civil Dominicana), also known as the April Revolution (Spanish: Revolución de Abril), took place between April 24, 1965, and September 3, 1965, in Santo Domingo, Dominican Republic.
It was the Palace of the Real Audiencia of Santo Domingo, called then Edificio de las Casas Reales, and it is the first (oldest) headquarters of Spanish power in the New World. [ 2 ] The building dates back to the sixteenth century, and was built to house the administrative offices of the Spanish colonies in the Americas , at the time any ...