01/10/2018: Redesign and Modernization of Banknotes
The Central Bank of the Dominican Republic unveils a redesigned series of banknotes with enhanced security features and modernized aesthetics.
01/12/2011: New Security Features
To combat counterfeiting, the Central Bank of the Dominican Republic introduces new security features on the Peso Dominicano banknotes.
01/03/2004: Transition to the Peso Dominicano
The Dominican Republic transitions from the Peso Oro to the Peso Dominicano, a new currency with a different exchange rate, to improve monetary stability.
29/09/1977: Decimals Introduced
Chile replaced the escudo with the decimal centavo as the subunit of the peso, simplifying its monetary system.
29/09/1975: Floating Exchange Rate
Chile moved from a fixed to a floating exchange rate system, allowing the peso to be determined by market forces.
02/01/1958: Introduction of Escudo as Subunit
The subunit of 1/100 peso, called the escudo, was introduced to facilitate smaller transactions in Chile.
11/10/1947: Introduction of the Peso Oro
The Peso Oro is introduced as a new currency in the Dominican Republic, replacing the previous Peso. It is pegged to the US dollar at a fixed exchange rate.
31/12/1925: Creation of the Central Bank of Chile
The Central Bank of Chile was established, gaining authority over the country's currency issuance and monetary policy.
09/01/1905: The Monetary Law of 1905
The Dominican government enacts the Monetary Law of 1905, which establishes the gold standard for the Peso, linking its value to the US dollar.
25/06/1895: Gold Standard Adoption
Chile adopted the gold standard, tying the value of the Chilean Peso to the price of gold and stabilizing its currency.
17/03/1877: Introduction of Paper Money
The first paper money denominated in the Dominican Peso is introduced, replacing the previously used gold and silver coins.
15/06/1851: First Peso Coinage
The first official peso coins were introduced by the Chilean government, replacing the Spanish colonial currency.
27/02/1844: Dominican Independence
After gaining independence from Haiti, the Dominican Republic introduces its own currency, the Peso, as a symbol of its sovereignty.
12/02/1817: Chilean Independence
Chile gained independence from Spain, leading to the establishment of the Chilean Peso as its official currency.