New Dominican peso coin
The Central Bank announced a new one peso coin is in circulation starting Monday, 27 August 2018. The coin is dated 2017 and has the inscription “peso dominicano” under the national coat of arms. The word “dominicano” is added to the old coin that is still valid.
The president of the Dominican Numismatic Society, Isaac Rudman, explained that the adding of the word “dominicano” to the Dominican peso is to comply with Art. 299 of the 2010 Dominican Constitution. The coins now in circulation just say peso, because the name of the country, Dominican Republic, is on the same side of the coin.
Meanwhile, the coordinator of the School of Economy at the Instituto Tecnológico de Santo Domingo (Intec), Rafael Espinal, criticized the minting of the new 2017 coin. He said the cost of minting the coin is more than the value of the coin itself. He said the coin is but a coin collector’s item.
Source: DR1, Listindiario
Aug 28, 2018
Category: DR News |