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The Dominican Peso is the official currency of the Dominican Republic. A peso can be divided into 100 centavos. This is the only legal tender. The Dominican Republic is a sovereign state located in the Greater Antilles archipelago of the Caribbean region. It occupies the eastern five-eighths of its island, which it shares with the nation of Haiti. The Dominican Republic is the second-largest Caribbean nation by area after Cuba at, and third by population with approximately 10 million people. Nearly a 3rd of the Dominican Republic’s population live in the metropolitan capital city, Santo Domingo.
Christopher Columbus found the island in 1492. Santo Domingo became the site of the first permanent European settlement in the Americas, the oldest continuously inhabited city, and the first seat of the Spanish colonial rule in the New World. After over than three hundred years of Spanish rule, the Dominican people declared independence in November 1821.Furthermore, the first Dominican peso was introduced with the country's independence from Haiti in 1844.
Before the formation of the Dominican Republic and Haiti, the island was jointly named Hispaniola.
Although it is the oldest city in the new world, Santo Domingo is vibrant and cosmopolitan, known for its nightlife, merengue and bachata music and fervent baseball culture.
The Dominican Peso is the currency of the Dominican Republic. The ISO 4217 currency code for the Dominican Peso is DOP.