# Dominican peso

> currency of the Dominican Republic

**Wikidata**: [Q242922](https://www.wikidata.org/wiki/Q242922)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/Dominican_peso)  
**Source**: https://4ort.xyz/entity/dominican-peso

## Summary
The Dominican peso is the official currency of the Dominican Republic, an island sovereign state in the Caribbean Sea. It is one of several monetary units named "peso" and was established in 1947. The peso serves as a generally accepted medium of exchange and legal tender within the country.

## Key Facts
- The Dominican peso is the currency of the Dominican Republic, an island nation in the Caribbean Sea.
- It is classified as a generally accepted medium of exchange for goods and services.
- The peso is a legal tender recognized by the Dominican Republic's legal system.
- The term "peso" refers to several monetary units worldwide, including the Dominican peso.
- The Dominican Republic was founded in 1844, and its currency was introduced in 1947.
- The peso has aliases such as "peso oro" and "Dominican peso oro."
- The Dominican peso has 44 sitelinks, indicating its presence in various knowledge bases and references.

## FAQs
**What is the Dominican peso used for?**
The Dominican peso is used as a medium of exchange for goods and services within the Dominican Republic. It is also recognized as legal tender by the country's legal system.

**When was the Dominican peso introduced?**
The Dominican peso was introduced in 1947, following the country's independence and establishment as a sovereign state.

**What is the relationship between the Dominican peso and the peso name?**
The term "peso" is shared by several currencies worldwide, including the Dominican peso. The Dominican peso is one of many monetary units named "peso."

**Is the Dominican peso a legal tender?**
Yes, the Dominican peso is recognized as legal tender within the Dominican Republic, meaning it is legally valid for meeting financial obligations.

**What are the aliases for the Dominican peso?**
The Dominican peso is also referred to as "peso oro" and "Dominican peso oro."

## Why It Matters
The Dominican peso plays a crucial role in the Dominican Republic's economy by facilitating transactions, maintaining financial stability, and supporting trade. As a legal tender, it ensures that financial obligations are met within the country. Its introduction in 1947 marked a significant step in the nation's economic development, aligning with its sovereignty and independence. The peso's status as a generally accepted medium of exchange underscores its importance in daily economic activities.

## Notable For
- Being the official currency of the Dominican Republic, an island nation in the Caribbean Sea.
- Serving as a legal tender recognized by the Dominican Republic's legal system.
- Sharing the name "peso" with other currencies worldwide.
- Having been introduced in 1947, marking a key milestone in the country's economic history.
- Having aliases such as "peso oro" and "Dominican peso oro."

## Body
### Overview
The Dominican peso is the official currency of the Dominican Republic, an island sovereign state in the Caribbean Sea. It was established in 1947, following the country's independence and the establishment of its sovereign status. The peso serves as a generally accepted medium of exchange for goods and services within the Dominican Republic and is recognized as legal tender by the country's legal system.

### Relationships
The Dominican peso is connected to the broader category of currencies named "peso," which includes other monetary units worldwide. The Dominican Republic itself is an island sovereign state in the Caribbean Sea, with its founding in 1844. The peso's status as a legal tender and its role as a medium of exchange highlight its importance in the country's economic framework.

### Significance
The introduction of the Dominican peso in 1947 was a pivotal moment in the country's economic development, aligning with its sovereignty and independence. The peso's recognition as legal tender ensures that financial obligations are met within the Dominican Republic. Its status as a generally accepted medium of exchange underscores its role in facilitating transactions and supporting the economy.

### Aliases and References
The Dominican peso is also referred to by the aliases "peso oro" and "Dominican peso oro." These alternative names reflect the currency's historical and economic significance. The peso's presence in various knowledge bases and references is indicated by its sitelink count of 44, highlighting its widespread recognition and use.

## References

1. Freebase Data Dumps. 2013
2. BabelNet
3. GF WordNet