Dominican Republic money Information
- The official currency of the Dominican Republic is the Dominican peso. Most tourist places accept payment by credit card and US dollars. Some hotels in especially in Peninsula De Samana only accept payment in US dollars.
Important tip: The US dollar has a very high exchange rate against the Dominican peso. If you’re coming from a non-European country, change your money to Euros then to pesos once you arrive in the Dominican Republic. Don’t change your money to dollars first, you’ll end up losing a lot of money. Generally, the exchange rates in the Dominican Republic are high when converting cash. Money exchange by ATM withdrawal will give you the best rate.
- Banks and Casa De Cambios are the best places to exchange currency. There’s an ATM withdrawal limit of RD$ 10000 ( US$ 170) at most banks. It’s important to inform your bank if you’ll be using your cards to avoid being subjected to the low withdrawal limit. The limit is higher for over the counter withdrawals. The only international banks present in the Dominican Republic are Scotiabank, Citibank, and Banco Unión.
- The most commonly accepted credit and debit cards in the Dominican Republic are Mastercard and Visa cards.
- Casa De Cambios are widespread in every major town. They still offer a better rate than hotels or airport money exchangers in Punta Cana.
- Alternatively, you can also exchange money at Caribe express branches.