Dominican Republic money

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Dominican Republic money [cont]

Credit cards

Major credit cards and travelers cheques are also accepted at most major tourist areas in the country.

ATM`s

While ATMs are found in cities and at most resorts, they aren't as readily available in the Dominican Republic as they are in other major countries. That said, I was happy getting my cash with a CIRRUS card and that way I didn`t have to mess around with travellers cheques etc.

Do be aware that some ATM`s are not in the best working order and can eat your card. I always advise taking 2 cards just in case.

Dominican Republic money [cont]

Converting foreign currency to Dominican Peso`s

[see right for one Peso note]

Foreign currency can easily be converted to Dominican pesos at the Banco de Reservas exchange booths found at airports, major hotels, commercial banks and authorized exchange houses. Cash advances are also available at certain commercial banks.

Exchange rates fluctuate daily and the US dollar is the most widely transacted currency. Euros and Canadian dollars are also accepted.

When you do exchange money, especially in a Cambio, make sure to count it in front of the clerk.

Dominican Republic money [cont]

Travelers checks

I advise against traveller`s cheques in the DR. You end up paying more for the bank to make the exchange, and you wait a long time for each transactions.

In addition, some of the larger hotels and resorts will take them but apart from banks, most places DO NOT. them. Banks will exchange a travelers check but make sure you take your passport.

Dominican Republic money [cont]

Banks and banking hours

[see right 50 Peso note]

There are over 1,600 automatic teller machines (ATMs) located nationwide. Banking hours are usually 8:30am to 3pm, Monday through Friday. Some bank branches (primarily in shopping malls or supermarkets) remain open longer.

If you do decide to take money from a credit card think about entering a bank to do this just to be on the safe side. Although I have always felt safe in the DR it is wise to exercise caution and use the machine inside the bank. Don`t forget to take your passport with you when doing any bank transaction

Dominican Republic money [cont]

Security

Alaways use the safe in your hotel use it. Don't carry all your cash and documents on you. When you do exchange money make sure you put it away before going into the street.

Dominican Republic money [cont]

The Peso

[see Peso coins to the right]

The peso oro is the currency of the Dominican Republic. Its symbol is "$", with "RD$" used when distinction from other pesos (or dollars) is required. Each peso is divided into 100 centavos.

If requiring change, the smallest coin you will normally receive is 1 peso (in the form of a coin).

Many establishments will NOT take bills that are torn or in very bad shape so when you receive money do make sure it is in decent shape.

Dominican republic money [cont]

US dollars are the most easily exchangeable foreign currency into the local Dominican Republic currency, Dominican Pesos (RD). In a lot of the tourism destinations in the country, many of the hotels, restaurants and businesses indicate their prices in US dollars as well as in Dominican Pesos. .

Dominican Republic money [cont]

CHECK OUT MORE ABOUT THE DOMINICAN REPUBLIC

All about the Dominican republic
Bahia de Rincon -fantastic beach near Samana
Bayahibe
Capital of Dominican Republic
Casa de Campo
From Sosua Dominican Republic go along the coast to Cabarete
Cayo Levantado -beatiful `Bacardi Island`
Colonial Zone
Country facts
Cuisine
Dominican Currency
Dominican Republic Facts
Dominican Republic Festivals
Dominican History
Dominican recipes
Dessert Recipes!
Dominican Kids Gifts
Dominican Republic Prison Gig
Dominican Republic Travel Tips
Economy of Dominican Republic
Flights to Dominican Republic
Golf Dominican Republic
History of Dominican Republic
Humpback Whale
Jarabacoa Golf
Larimar stone
La Church Samana
La Vega
Las Galeras Samana
Las Terrenas Samana
Los Haitises National Park Samana
Merengue
Playa Grande Golf
Punta Cana
Punta Cana activities
Prison gigs-background
Prison gig with British Ambassador and Dominican First Lady
Puerto Plata.
From Dominican republic money to weddings

Dominican Republic money [end]

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