Definition

1. Noun:
   • The basic unit of money in Dominica: The "Dominican dollar" is the official currency of the Commonwealth of Dominica. It is subdivided into 100 cents.

Usage

• The "Dominican dollar" is used to denote prices, conduct transactions, and measure value within Dominica.
• It is typically represented by the currency code XCD (East Caribbean Dollar), which it shares with several other Organisation of Eastern Caribbean States (OECS) members.

Examples

• Noun:
  • The price for the tour is fifty Dominican dollars.
  • You can exchange your currency for Dominican dollars at the airport.
  • The Eastern Caribbean Central Bank issues the Dominican dollar.

Advanced Usage

• "pegged to": The value of the Dominican dollar is pegged to the United States dollar at a fixed rate.
  • The Dominican dollar has been pegged to the US dollar for decades.

Variants and Related Words

• East Caribbean Dollar (XCD): The formal name for the currency union which includes the Dominican dollar.
• Cent: A subdivision of the Dominican dollar; one hundred cents equal one Dominican dollar.
• EC Currency: A common informal term for currencies of the Eastern Caribbean, including the Dominican dollar.

Synonyms

• Currency of Dominica: A descriptive synonym.
• EC dollar: A common regional synonym, though it refers to the shared currency of multiple nations.

Notes

• The Dominican dollar is not a unique, standalone currency but is a national variant of the shared East Caribbean Dollar (XCD). Therefore, it is physically identical in banknotes and coins to the currency used in other OECS states like Grenada and Saint Lucia. Its primary distinguishing feature is its legal tender status within Dominica.

Noun

1. the basic unit of money in Dominica