Worth to know

The Dominican Republic (Spanish: República Dominicana, Spanish pronunciation: [re'pußlika ðomini'kana]) is a nation located in the Caribbean region on the island of Hispaniola. Part of the Greater Antilles archipelago, Hispaniola lies west of Puerto Rico and east of Cuba and Jamaica. Its western third is the nation of Haiti, making Hispaniola one of two Caribbean islands that are occupied by two countries, Saint Martin being the other.

The Dominican Republic is the site of the first permanent European settlement in the Americas; its capital Santo Domingo was also the first colonial capital in the Americas. It is the site of the first cathedral, university, European-built road, European-built fortress, and more.

For most of its independent history, the nation experienced political turmoil and unrest, suffering through many non-representative and tyrannical governments. Since the death of military dictator Rafael Leonidas Trujillo Molina in 1961, the Dominican Republic has moved toward a liberal economic model which has made it the largest economy in the region and a representative democracy.

  

Currency

The peso oro is the currency of the Dominican Republic. Its symbol is "$", with "RD$" used when distinction from other pesos (or dollars) is required; its ISO 4217 code is "DOP". Each peso is divided into 100 centavos, for which the ¢ symbol is used. It is the only currency which is legal tender for all monetary transactions, whether public or private, in the Dominican Republic.

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