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Dominican Republic
International Bankers’ Congress
1975 Proof Silver 10 Peso 39mm (28.10 grams) 0.900 Silver (0.7726 oz. ASW)
Reference: KM# 37
XVI REUNION ANUAL DE GOBERNADORES DEL BANCO INTERAMERICANO DE DESARROLLO MAYO 1975 DIOS PATRIA LIBERTAD REPUBLICA DOMINICANA 10 PESOS · 1975,National arms, denomination.
FACSIMIL PRIMERA MONEDA ACUÑADA EN LA HISPANIOLA -SIGLO XVI-, Arms of Castille in inner ring.
You are bidding on the exact item pictured, provided with a Certificate of Authenticity and Lifetime Guarantee of Authenticity.
 The Dominican Republic is a country located in the island of Hispaniola, in the Greater Antilles archipelago of the Caribbean region. It occupies the eastern five-eighths of the island, which it shares with the nation of Haiti, making Hispaniola one of two Caribbean islands, along with Saint Martin, that are shared by two sovereign states. The Dominican Republic is the second-largest Caribbean nation by area (after Cuba) at 48,671 square kilometers (18,792 sq mi), and third by population with approximately 10 million people, of which approximately three million live in the metropolitan area of Santo Domingo, the capital city.
Christopher Columbus landed on the island on December 5, 1492, which the native Taíno people had inhabited since the 7th century. The colony of Santo Domingo became the site of the first permanent European settlement in the Americas, the oldest continuously inhabited city, and the first seat of the Spanish colonial rule in the New World. After more than three hundred years of Spanish rule the Dominican people declared independence in November 1821. The leader of the independence movement José Núñez de Cáceres, intended the Dominican nation to unite with the country of Gran Colombia, but no longer under Spain’s custody the newly independent Dominicans were forcefully annexed by Haiti in February 1822. Independence came 22 years later after victory in the Dominican War of Independence in 1844. Over the next 72 years the Dominican Republic experienced mostly internal conflicts and a brief return to colonial status (but Spain had not come to take away its independence) before permanently ousting Spanish rule during the Dominican War of Restoration of 1863-1865.[20][21][22] A United States occupation lasted eight years between 1916 and 1924, and a subsequent calm and prosperous six-year period under Horacio Vásquez was followed by the dictatorship of Rafael Leónidas Trujillo until 1961. A civil war in 1965, the country’s last, was ended by U.S. military occupation and was followed by the authoritarian rule of Joaquín Balaguer (1966-1978 & 1986-1996), the rules of Antonio Guzmán (1972-1978) & Salvador Jorge Blanco (1982-1986). Since 1996, the Dominican Republic has moved toward representative democracy and has been led by Leonel Fernández for most of the time since 1996. Danilo Medina, the Dominican Republic’s current president, succeeded Fernandez in 2012, winning 51% of the electoral vote over his opponent ex-president Hipólito Mejía.
The Dominican Republic has the ninth-largest economy in Latin America and is the largest economy in the Caribbean and Central American region. Over the last two decades, the Dominican Republic has had one of the fastest-growing economies in the Americas – with an average real GDP growth rate of 5.4% between 1992 and 2014. GDP growth in 2014 and 2015 reached 7.3 and 7.0%, respectively, the highest in the Western Hemisphere. In the first half of 2016 the Dominican economy grew 7.4% continuing its trend of rapid economic growth. Recent growth has been driven by construction, manufacturing, tourism, and mining. The country is the site of the second largest gold mine in the world, the Pueblo Viejo mine. Private consumption has been strong, as a result of low inflation (under 1% on average in 2015), job creation, as well as a high level of remittances.
The Dominican Republic is the most visited destination in the Caribbean. The year-round golf courses are major attractions. A geographically diverse nation, the Dominican Republic is home to both the Caribbean’s tallest mountain peak, Pico Duarte, and the Caribbean’s largest lake and point of lowest elevation, Lake Enriquillo. The island has an average temperature of 26 °C (78.8 °F) and great climatic and biological diversity. The country is also the site of the first cathedral, castle, monastery, and fortress built in the Americas, located in Santo Domingo’s Colonial Zone, a World Heritage Site. Music and sport are of great importance in the Dominican culture, with Merengue and Bachata as the national dance and music, and baseball as the favorite sport.
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