DOP

Dictionary Says

Definition of 'DOP'

The currency abbreviation for the Dominican Republic's only official legal currency, the peso oro. The currency is represented by the dollar ($) symbol or RD$. It was introduced in 1937 at par with the U.S. dollar and continued to be used in conjunction with the dollar until 1947. The initial peso was created in 1844 to replace the Haitian gourde, the currency of the country that borders the Dominican Republic. 
Investopedia Says

Investopedia explains 'DOP'

There are peso oro coins and banknotes; the currency is divided into 100 centavos. The Dominican Central Bank uses the American dollar as the country's reserve currency. Both U.S. dollars and the euro are also widely accepted in the country. 

The currency market, also known as the foreign exchange market, is the largest financial market in the world.

Sign Up For Term of the Day!

Try Our Stock Simulator!

Test your trading skills!

Related Definitions

  1. Currency

    A generally ...
  2. Forex - FX

    The market in ...
  3. Hard Currency

    A currency, ...
  4. Money

    An ...
  5. ANG (Netherlands Antilles Guilder)

    The currency ...
  6. SIT

    In currencies, ...
  7. INR (Indian Rupee)

    The currency ...
  8. Soft Currency

    A currency with ...
  9. Greek Drachma

    The former basic ...
  10. Xenocurrency

    A currency that ...

Articles Of Interest

  1. Top 7 Questions About Currency Trading Answered

    Whether you're puzzled by pips or curious about carry trades, your queries are answered here.
  2. Currency Exchange: Floating Rate Vs. Fixed Rate

    Baffled by exchange rates? Wonder why some currencies fluctuate while others are pegged? This article has the answers.
  3. What Are Central Banks?

    They print money, they control inflation, and much, much more. All you need to know about central banks is here.
  4. The Currency Board: Understanding The Government's Bank

    Currency board, central bank - what's the difference? Find out more about this little-known monetary authority.
  5. A Primer On The Forex Market

    Moving from equities to currencies requires you to adjust how you interpret quotes, margin, spreads and rollovers.
  6. An Introduction To Complementary Currencies

    There are alternatives to national currencies. Discover complementary currencies and how they work.

comments powered by Disqus
Recommended
Loading, please wait...
Trading Center