Dominican peso


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  • noun

Synonyms for Dominican peso

the basic unit of money in the Dominican Republic

References in periodicals archive ?
The textiles sector experienced an approximate 17% drop in exports due in part to the appreciation of the Dominican peso against the dollar, Asian competition following expiration of the quotas of the Multi-Fiber Arrangement, and a government-mandated increase in salaries, which should have occurred in 2005 but was postponed to January 2006.
Due to the fiscal adjustment and the strengthening of the Dominican peso, government debt to GDP is expected to fall to 39% in 2006, far below the "B" median's 48%.
The sliding exchange rate established by predecessor Hipolito Mejia's administration took the value of the Dominican peso against the dollar from 16 to 1 in the year 2000 to more then 50 to 1 by mid-2004.
The Dominican peso has lost more than half its value against the dollar in the last year.
FC, a member of the World Bank Group, announced today a 450 million Dominican peso (approximately US$10 million) loan for Banco de Ahorro y Credito ADOPEM S.
The industrial sector will be the first to recover as exporters capitalize on increased cost competitiveness in foreign markets resulting from devaluation of the Dominican peso.
According to sources in the industrial park, the shut downs are due to high costs, especially electricity, and the appreciation of the Dominican peso against the US dollar.
A year ago the free-falling Dominican peso was thrusting many families into deeper poverty, driving up the prices of everything from rice to light bulbs.
When it was hit by the abrupt devaluation of the Dominican peso, however, the company found itself unable to pay its suppliers.
Current President Mejia's popularity has waned during the past year as the Dominican peso lost more than half its value against the U.
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