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.
15/01/2015: Removal of Minimum Exchange Rate
The Swiss National Bank unexpectedly abandoned the minimum exchange rate, causing the Swiss franc (CHF) to surge in value.
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.
06/09/2011: Implementation of Minimum Exchange Rate
The Swiss National Bank imposed a minimum exchange rate pegging the Swiss franc (CHF) to the Euro to prevent excessive appreciation.
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.
13/09/1999: Introduction of Euro
Switzerland decided not to join the Eurozone and maintain the Swiss franc (CHF) as its official currency.
08/05/1973: Floatation of Swiss Franc
Switzerland abandoned the fixed exchange rate system, allowing the Swiss franc (CHF) to float freely against other currencies.
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.
01/05/1936: Introduction of Swiss National Bank
The Swiss National Bank was established as the central bank responsible for issuing and managing the Swiss franc (CHF).
24/11/1907: Gold Standard Referendum
Switzerland voted to adopt the gold standard, making the Swiss franc (CHF) fully convertible into gold.
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.
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.
06/06/1850: Currency Act of 1850
The Swiss franc (CHF) was introduced as the official currency of Switzerland.
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.