Dominican franco

Dominican franco

The franco was a currency introduced in the Dominican Republic in 1891, as the Dominican Republic Government, then headed by president Ulises Heureaux intended to join the Latin Monetary Union. It was subdivided into 100 centesimos. Five denominations of coins were issued, 5, 10 and 50 centesimos, 1 and 5 francos. Although apparently intended to replace the mexican peso which was the main circulating currency back then, this did not happen, because the Dominican Governement did not establish parity with the circulating mexican peso and in 1897, new coins denominated in pesos and similar in design to the franco coins were introduced. The coins matched the specifications of the French 10 and 50 centimes and 1 and 5 francs, indicating that a link between the franco and the Latin Monetary Union was intended.

Wikimedia Foundation. 2010.

Look at other dictionaries:

  • Dominican peso — Peso dominicano (Spanish) ISO 4217 code DOP User(s) …   Wikipedia

  • Dominican Republic literature — has a long and interesting history. Authors from the Dominican Republic and Haiti Angel Hernádez Acosta Juan Antonio Alix[citation needed] Julia Alvarez Rámon Marrero Aristy Julio Vega Battle Francisco Gregorio Bilini Pedro Francisco… …   Wikipedia

  • Dominican Republic at the 2011 Pan American Games — Dominican Republic at the Pan American Games Flag of the Dominican Republic …   Wikipedia

  • Franco-Ontarian — Franco Ontarians …   Wikipedia

  • Franco (disambiguation) — Franco may refer to:urnameFranco is a common surname in Portuguese and Spanish which derives from the word Frank , in reference to the Germanic tribe of the Franks, who invaded the modern day France during the Migration period [… …   Wikipedia

  • Franco-Mongol alliance — 1305 letter (a roll measuring 302 by 50 centimetres (9.91 by 1.6 ft)) from the Ilkhan Mongol Öljaitü to King Philip IV of France, suggesting military collaboration …   Wikipedia

  • 1980 Dominican Embassy siege in Bogotá — Dominican embassy siege Part of Colombian armed conflict Date February 27 April 27, 1980 Location Bogotá …   Wikipedia

  • Omar Franco — Origin Castañuelas, Monte Cristi, Dominican Republic Genres Latin pop, bolero Occupations Singer, songwriter Instruments Vocal …   Wikipedia

  • Julio Franco — Infobox MLB retired name=Julio Franco position=SS / 2B / 1B / DH bats=Right throws=Right birthdate=birth date and age|1958|8|23 Hato Mayor, Dominican Republic debutdate=April 23 debutyear=by|1982 debutteam=Philadelphia Phillies… …   Wikipedia

  • Pedro Franco Badía — was a former Secretary of Interior and Police of the Dominican Republic. He is also a key member of the PPH political movement, a political faction that took over the PRD (a major Dominican political party) a few years ago.He was prosecuted by… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.