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What is the currency of Dominica?

Dominica

Dominica is an island located in the Caribbean Sea. It is considered the smallest of the Lesser Antilles. Its area is 754 square kilometers, and its population is approximately 72.500 people. The highest point is 1.447 meters, which is Morne Diablotan. The capital of Dominica is Roseau, nicknamed Dominica. The natural island is so beautiful, and this island is still being formed by volcanoes, as evidenced by the presence of the second largest lake that is hot and reaches the boiling point. The island is distinguished by rainforests, and is considered home to many rare animals and plants, as the Cicero parrot is considered the island’s national bird and appears on the national flag. For Dominica and in the state’s logo, Dominica’s economy depends mainly on agriculture due to the fertility of its land and on tourism due to the beauty of its nature. The reason for its name goes back to Christofo Columbus, who discovered it and called it Domnica, which is an Italian word.

History of Dominica

France took control of the island of Dominica in 1635 AD until French missionaries settled it, and in 1660 AD the French and British agreed to leave Dominica and Saint Vincent and emigrate to them, and because of Dominica’s support between Martinique and Guadeloupe, France established a colony in Dominica, and after the Seven Years’ War it was part of the Treaty of Paris in 1763 AD. 1778 AD The island of Dominica became British property. In 1981 AD, the French launched a campaign during the American War of Independence to return Dominica, but the Treaty of Paris put an end to the war. France’s attempts to invade failed, and the island remained under British control. In 2000, a group of right-wing mercenaries, led by Mike Perdue, attempted to overthrow the regime of Eugenia Charles, but the coup plan failed completely due to the intervention of the American Federal Bureau of Investigation. The mercenaries had no military experience or training, and the ship hired to transport the mercenaries did not move from the port, which led to... To the failure of the coup. The economy of the island of Dominica was suffering from a major deterioration, but at the end of the eighties it began to recover, but it weakened again due to the decline in banana prices during that period. The Dominican Labor Party won the elections in January 2004, and the United Labor Party lost, and Douglas took power, but he died after Within a few months of taking office, he was replaced by Pierre Charles, who died in January 2005, and Roosevelt Skerrit assumed the prime ministership and the Labor Party he was leading won in May XNUMX.

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The currency of Dominica

The East Caribbean dollar, which bears the symbol The exchange rate of one US dollar in the Dominican currency is 1965 EC dollars, which is very low. Because of the similarity in appearance, some scammers in Canada have used a 2.7-cent coin as a substitute for a quarter dollar. There are 25 countries that use the East Caribbean dollar, and they are independent countries: Grenada, Dominica, Antigua and Barbuda, Saint Kitts, Nevis, Saint Lucia, the Grenadines, and the British Overseas Territories, which are called the two sisters, Anguilla and Montserrat. There is a member state in the Organization of Eastern Caribbean States, but it It does not use the East Caribbean dollar, but rather uses the US dollar, which is its official currency, and the country is the British Virgin Islands. Thus, the total number of people who use the East Caribbean dollar is approximately 6 people. This statistic is for the year 600.000 AD, and the image of Queen Elizabeth II appears on banknotes and coins, as President. Country in all territories and states that use the East Caribbean dollar except Dominica.

Economy of Dominica

Dominica had its lowest rates of per capita GDP in 2008 AD, and the country was approaching the brink of the financial crisis in the years 2003 AD and 2004 AD, but in 2005 AD the Dominica’s economy grew by 3.5% and by 4.0% in the following year, and the reason for this growth was tourism and services. Construction abroad and some industries depend on bananas, and the Dominican government succeeded in reforms that included the economy.

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Banana cultivation dominates the economy of Dominica, with the workforce amounting to approximately one-third of the total workforce, but the banana sector is very sensitive to weather conditions and events that have an impact on the prices of basic commodities, especially bananas. In 2007, a severe hurricane struck the country and caused great damage and devastation. It affected the agricultural sector, infrastructure, and destroyed roads. The European Union reduced the trade preference for bananas, which made the government in Dominica encourage the cultivation of coffee, patchouli, tropical fruits, and ornamental flowers. This led to an increase in exports, primarily soap, and this was a great success for the country.

Dominica is considered a volcanic land, with few beaches, so tourism is little compared to its neighboring islands. However, the presence of rainforests, hot springs, waterfalls, mountains, and diving centers make it a destination for many tourists who are attracted to its beautiful and distinctive nature. The cessation of cruise ships in the country prompted the government to develop ports and establish... It has its own modern-style facilities, especially in the capital, Roseau. In a census that included 22 Caribbean islands, Dominica had the lowest number of visitors in 2008, with Haiti accounting for 0.3%, or approximately 55.800 visitors, and this number is half of Haiti’s visitors.

The island of Dominica benefits from the initiative that exempts Dominica from customs duties on many goods that it exports to the United States, which is the Caribbean Basin Initiative of the United States, and since it belongs to the Caribbean Community, which speaks the English language and belongs to the market and economy of the group, and benefits from the many advantages of this group. The government in Dominica exempts foreign companies that have centers there from taxes, and the number of companies that benefit from this advantage is not disclosed due to the existence of complete secrecy on the part of the government, but it is known that there are many Internet companies that have established centers in Dominica to benefit from Tax exemption advantage.

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Dominican culture

The island of Dominica is inhabited by a group of people. It was inhabited in the past by many indigenous tribes, and the Arawak, Carib and Kalinago tribes remained there until the European settlers arrived. On the island of Dominica there is a river called the Massacre River. This name was allocated to the memory of the killing of the French and British settlers of the country’s indigenous population because the sea water... It was colored red for several days with the blood of the dead. The French and British occupiers brought slaves from Africa, and there remained tribes living in an area of ​​15 square kilometers and electing their own leader.

Music and dance are considered two important and original aspects of Dominican culture, as Independence Day celebrations are held annually and consist of a continuous wave of traditional songs and dances, and Dominica has gained great fame in world music since 1973 AD. Dominica Island has a state university, and the government grants many of its students to study at Cuban universities, and many go to the University of the West Indies. The popular sport in Dominica is cricket, and Dominica competes in test cricket. On October 24, 2007, the Windsor Cricket Ground was established with a donation from People's Republic of China with a capacity of 8000 seats.

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