View source for Dominican franco

{{refimprove|date=November 2006}}
The '''franco''' was a [[currency]] introduced in the [[Dominican Republic]] in 1891, as the Dominican Republic Government, then headed by president [[Ulises Heureaux]] intended to join the [[Latin Monetary Union]]. It was worth five [[Dominican peso|pesos]] and subdivided into 100 [[centesimo|centésimos]]. Five denominations of [[coin]]s were issued, 5, 10 and 50 centesimos, 1 and 5 francos. Although apparently intended to replace the [[mexican peso]] which was the main circulating currency back then, this did not happen, because the Dominican Government did not establish parity with the circulating Mexican peso and in 1897, new coins denominated in pesos and similar in design to the franco coins were introduced. The coins matched the specifications of the [[France|French]] 10 and 50 centimes and 1 and 5 [[French franc|francs]], indicating that a link between the franco and the [[Latin Monetary Union]] was intended.

In 1891, 125,000 1-franco coins were produced.<ref>{{Cite web|url=https://www.ngccoin.com/price-guide/world/dominican-republic-franco-km-11-1891-cuid-1067078-duid-1239240|title = Dominican Republic Franco KM 11 Prices & Values &#124; NGC}}</ref>

==References==
{{Portal|Money}}
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{{Franc}}

{{DEFAULTSORT:Dominican Franco}}
[[Category:Modern obsolete currencies]]
[[Category:1891 establishments in the Dominican Republic]]
[[Category:1897 disestablishments in the Dominican Republic]]
[[Category:19th century in the Dominican Republic]]
[[Category:19th century in economic history]]
[[Category:Currencies of the Dominican Republic]]


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