Dominican Peso in Cuban convertible peso

DOP Dominican Peso

Country of application:
Dominican Republic

Coin denominations in circulation:
1, 5, 10, 25 Dominican pesos.

Denominations of banknotes in circulation:
50, 100, 200, 500, 1000, 2000 Dominican pesos.

History reference:
The Dominican Peso is the currency of the Dominican Republic. The name of the monetary unit, indicated since 1947 on banknotes, is the “golden peso” (Spanish: peso oro). The Dominican peso was first ...introduced at the same time as the countrys independence from Haiti in 1844. It replaced the Haitian gourde at par and was subdivided into 8 reais. In 1877, the centavo became the currency of the peso at the ratio of 1 peso = 100 centavos. In 1891, a new currency was introduced - the Dominican franc, which, however, did not replace the peso, but was in circulation at the same time as it. The Dominican franc was introduced in order to enter the country into the Latin Monetary Union, but already in 1897 it was canceled.

CUC Cuban convertible peso

Country of application:
Cuba

Coin denominations in circulation:
5, 10, 25, 50 centavos, 1 Cuban Convertible Peso.

Denominations of banknotes in circulation:
1, 3, 5, 10, 20, 50, 100 Cuban Convertible Pesos.

History reference:
On October 23, 2013, a message was published by the Council of Ministers of Cuba on agreeing on a schedule for the implementation of measures to unify the countrys monetary circulation, providing for... a gradual transition from a system of two currencies to a single Cuban currency[1]. On January 1, 2021, a large-scale reform was launched in the republic to abolish the dual monetary system, announced in December 2020 by Cuban President Miguel Mario Diaz-Canel.[2] From the beginning of 2021, Cuba began to withdraw convertible pesos from circulation, giving citizens 180 days to exchange savings in banks for Cuban pesos at a rate of 1:24