What does dominican dollar mean?
Definitions for dominican dollar
do·mini·can dol·lar
This dictionary definitions page includes all the possible meanings, example usage and translations of the word dominican dollar.
Princeton's WordNet
Dominican dollarnoun
the basic unit of money in Dominica
ChatGPT
dominican dollar
The "Dominican dollar" does not exist as an official currency. The official currency of the Dominican Republic (a country situated on the island of Hispaniola, in the Greater Antilles archipelago in the Caribbean region) is the Dominican Peso, not the Dominican dollar. The currency code for Pesos is DOP. Therefore, there seems to be a misconception or misunderstanding here. If you came across the term "Dominican dollar," it might be an informal or slang term used to refer to the country's currency, but it's important to note this isn't its official or widely recognized name.
Wikidata
Dominican dollar
The history of currency in the British colony of Dominica closely follows that of the British Eastern Caribbean territories in general. Even though Queen Anne's proclamation of 1704 brought the gold standard to the West Indies, silver pieces of eight continued to form a major portion of the circulating currency right into the latter half of the nineteenth century. Britain adopted the gold standard in 1821 and an imperial order-in-council of 1838 resulted in Dominica formally adopting the sterling currency in the year 1842. However, despite the circulation of British silver coins in Dominica, the silver pieces of eight continued to circulate alongside them, and the private sector continued to use dollar accounts for reckoning. The international silver crisis of 1873 signalled the end of the silver dollar era in the West Indies and silver dollars were demonetized in Dominica in the wake of this crisis for fear that a silver standard might return. Even though the British sterling coins were made of silver, they were fractional coins of the British gold sovereign and hence they maintained their gold value. This left a state of affairs, in which the British coinage circulated, being reckoned in dollar accounts at an automatic conversion rate of 1 dollar = 4 shillings 2 pence.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of dominican dollar in Chaldean Numerology is: 6
Pythagorean Numerology
The numerical value of dominican dollar in Pythagorean Numerology is: 9
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"dominican dollar." Definitions.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.definitions.net/definition/dominican+dollar>.
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