Definition

1. Noun:
   • The basic unit of money in the Dominican Republic: The Dominican peso is the official currency of the Dominican Republic. It is subdivided into 100 centavos.

Usage

• The term "Dominican peso" is used to refer to the currency itself, its value, or physical banknotes and coins.
• It is often abbreviated as "DOP" or represented by the symbol "$" or "RD$" to distinguish it from other pesos and dollars.
• Example:
• Example:

Examples

• Noun:
  • The cost of the souvenir was two hundred Dominican pesos.
  • The central bank issues the Dominican peso.
  • He paid with a five-hundred Dominican peso note.

Advanced Usage

• "Peso dominicano": This is the Spanish name for the currency, often used in local contexts within the Dominican Republic.
  • El precio está en peso dominicano. (The price is in Dominican peso.)

Variants and Related Words

• Peso (DOP): The standard abbreviation used in international finance and currency exchange.
• RD$: A common symbol used locally to denote the Dominican peso (from "Republica Dominicana").
• Centavo: The fractional unit, with 100 centavos equaling one Dominican peso.

Synonyms

• DOP: The three-letter currency code.
• Dominican currency: A more general term.

Notes

• The Dominican peso should not be confused with other currencies also called "peso," such as the Mexican peso (MXN) or the Cuban peso (CUP). The country identifier ("Dominican") is crucial for clarity.
• While the symbol "$" is used, context usually indicates it refers to the Dominican peso within the Dominican Republic. The "RD$" symbol is more precise.

Noun

1. the basic unit of money in the Dominican Republic; equal to 100 centavos