de todas las obligaciónes públicas o privadas". Literally translated, (). 2010 On July 1, 2010, the Central Bank of Dominican Republic issued a 20-peso oro banknote that is similar to the previous paper issue, but is now printed on a polymer substrate. 2011 In 2011, the Central Bank of Dominican Republic announced that all banknotes dated 2011 and later will be denominated in "Pesos Dominicanos" instead of "Pesos Oro". This decision was made in response to a mandate of the Constitution of the Dominican Republic of January 26, 2010. 2014 On October 1, 2014, the Central Bank of Dominican Republic planned to issue a new family of notes with new designs and new security features. Notes in circulation Other bills Relation with the U.S. dollar The United States dollar is used as a reserve currency by the Central Bank of the Dominican Republic. Also, when agreed by both parties, both U.S. dollars and the euro can be used in private transactions (this applies mostly in tourism-related activities). This was most true during the drastic inflationary period of 2003–2004. Nowadays the U.S. dollar is widely accepted and tourists visiting the Dominican Republic can use it as a second currency. Historical exchange rates Historically, since the first monetary emission in 1948, the peso was worth about the same as a United States dollar. The exchange rate for U.S. dollar vs. Dominican peso over the last few decades is as follows: 1984 to 1993 to 1998 to 2002 to 2003 to 2004 to 2006 to 2007 to 2008 to 2009 to 2012 to 2013 to 2016 to In 2004 the peso dramatically plummeted; a single US dollar was worth almost . In August 2020, mark was temporarily crossed again. As of February 8, 2023, buys around 56.30 pesos. See also Central banks and currencies of the Caribbean Economy of the Dominican Republic Santo Domingo real References Rudman, Isaac and Estrella, Miguel: Monedas de la República Dominicana. Sociedad Numismatica Dominicana, Santo Domingo, 1979 External links General information on the Dominican Peso Banknotes - Central Bank of the Dominican Republic Coins - Central Bank of the Dominican Republic Dominican Republic Monetary and Exchange-Rate Policies Dynamic exchange converter for dominican peso Travel tips while visiting the Dominican Republic 1844 introductions Currencies of the Dominican Republic