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| Issuer | Banco Central de la República Dominicana |
|---|---|
| Year | 1962 |
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| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Paper |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANCO CENTRAL de la REPUBLICA DOMINICANA SANTO DOMINGO DISTRITO NACIONAL REPUBLICA DOMINICANA VEINTICINCO CENTAVOS ORO ESTE BILLETE TIENE FUERZA LIBERATORIA PARA EL PAGO DE TODAS LAS OBLIGACIONES PUBLICAS O PRIVADAS SEGUN EL ART. 5 DE LA LEY MONETARIA BANCO CENTRAL (Translation: Central Bank of the Dominican Republic Santo domingo, National District, Dominican Republic Twenty five Cents Oro This note has liberatory force for payment of all obligations, public or private, accordingly to article# 5 Of Currency Law Central Bank) |
| Reverse description | Log in to see details |
| Reverse lettering | BANCO CENTRAL DE LA REPUBLICA DOMINICANA VEINTICINCO CENTAVOS ORO (Translation: Central Bank of the Dominican Republic Twenty five Cents Oro 0.25) |
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| Comments |
The Banco Central de la República Dominicana was barely a decade old when this note was issued — established in 1947, it replaced the currency board arrangement that had operated under the close supervision of U.S. financial interests since the 1905 customs receivership. The "Oro" designation was not decorative; it reflected a legal peg to gold that the Dominican Republic maintained formally through the Trujillo period and into the early 1960s.
Trujillo himself had been assassinated in May 1961, and 1962 fell squarely in the turbulent interregnum before Bosch's election. That political instability makes the continued functioning of the central bank's printing program — through ABNC in New York — something worth noting.