The Dominican Republic's franco-denominated coinage had a short and troubled run. Introduced in 1891 under President Ulises Heureaux — known as "Lilís" — the currency reform that produced this coin was part of a broader effort to modernize the republic's monetary system along French metric lines. Heureaux's government was simultaneously accumulating catastrophic foreign debt, and within a decade the country was effectively insolvent.
KM#11 was struck in Paris, the only facility equipped to produce coinage to the required standard at the time.
The Dominican Republic's franco-denominated coinage had a short and troubled run. Introduced in 1891 under President Ulises Heureaux — known as "Lilís" — the currency reform that produced this coin was part of a broader effort to modernize the republic's monetary system along French metric lines. Heureaux's government was simultaneously accumulating catastrophic foreign debt, and within a decade the country was effectively insolvent.
KM#11 was struck in Paris, the only facility equipped to produce coinage to the required standard at the time.