Dominican franco

From Wikipedia, the free encyclopedia

The franco was a currency introduced in the Dominican Republic in 1891. It was subdivided into 100 centesimos and was equal to 5 pesos. Five denominations of coins were issued, 5, 10 and 50 centesimos, 1 and 5 francos. Although apparently intended to replace the peso, this did not happen and in 1897, new coins denominated in pesos and similar in design to the franco coins were introduced. The coins matched the specifications of the French 10 and 50 centimes and 1 and 5 francs, indicating that a link between the franco and the Latin Monetary Union was intended.

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