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Encyclopedia > Dominican dollar

The dollar was the currency of Dominica until 1862. The currency comprised of various cut or holed Spanish dollars and other Spanish colonial coins. The dollar was subdivided into bits (worth 9 pence). Before 1813, there were 11 bits to the holed dollar (12½ bits to an unholed dollar). After 1813, there were 16 bits to the holed dollar (18 bits to an unholed dollar). In 1862, sterling was established as the official currency of the island. The Spanish dollar or peso (literally, heavy, or pound) is a silver coin which was minted in Spain after a Spanish currency reform in 1497. ... The real was the currency of Spains colonies in the Americas. ... A variety of low value coins, including an Irish 2p piece and many U.S. pennies. ... For details of notes and coins, see British coinage and British banknotes. ...


Since 1935, dollars have once more ciculated on Dominica, first the British West Indies dollar, then the East Caribbean dollar. The East Caribbean dollar (currency code XCD) is the currency of eight members of the Organisation of Eastern Caribbean States. ...


 
 

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