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1 Peso

Issuer Banco Central de la República Dominicana
Year 1984-1988
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Value 1 Peso
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Obverse lettering BANCO CENTRAL DE LA REPUBLICA DOMINICANA
UN PESO ORO
ESTE BILLETE TIENE FUERZA LIBERATORIA PARA EL PAGO DE TODAS LAS OBLIGACIONES PUBLICAS O PRIVADAS
Gobernador del Banco Central
Secretario de Estado de Finanzas
DUARTE
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Protection type Watermark
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Comments

The P#126 series spans four years and five signature combinations — an unusually high turnover rate reflecting the institutional instability of Dominican central banking during the mid-1980s, when the country was navigating IMF-mandated austerity measures and a severe foreign exchange crisis that eventually forced a formal devaluation in 1985. The peso had been pegged at parity with the US dollar since 1947; that fiction became untenable under Balaguer's second restoration.

De La Rue's involvement was long-standing with Dominican issues, and the watermark security on this denomination was minimal by the printer's own standards — appropriate for a low-value note in an economy where inflation was steadily eroding its purchasing power throughout the issue period.

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