Dominican Republic Local Currency

Local Currency

The official currency for the Dominican Republic is the Peso. Notes are in denominations of RD$2,000, 1,000, 500, 100 and 50 and coins are in denominations of RD$25, 10, 5 and 1.

The peso is only available in the Dominican Republic and travelers are able to convert currencies of Canada, France, Germany, The Netherlands, Spain, Switzerland, UK and USA. On leaving the country you are able to exchange up to 30% of currency back into US Dollars at any bank, as long as you show proof of the original receipt. Most resorts and vendors in popular tourist areas will accept US Dollars.

Credit cards are widely accepted and ATM’s are readily available. Traveller's cheques are accepted by most banks and it is recommended to carry them in US Dollars to avoid any additional exchange rate charges. The import and export of local currency is limited to RD$20,000 in notes and RD$100 in coins.

Banking Hours are: Mon-Fri 0800-1500, Sat 0900-1300 and in malls: Mon-Fri 0900-1900, Sat 0900-1300.

Exchange Rate Indicators as of 17th August 2010 are: 1.00 GBP = 55.9 DOP; 1.00 USD = 36.9 DOP; 1.00 EUR = 46.32 DOP.