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Country Guide > Caribbean > Dominican Republic | |
Currency Dominican Republic Peso (peso) = 100 centavos. Notes are in denominations of peso2000, 1000, 500, 50, 20, 10 and 5. Coins are in denominations of peso1, and 50, 25, 10, 5 and 1 centavos. Currency exchange The peso is not available outside the Dominican Republic. Currencies of Canada, Japan, Mexico, Switzerland, USA and Venezuela may be converted into local currency. On departure, up to 30 per cent of the exchanged currency can be reconverted into US Dollars at any bank, provided original receipts are shown. All exchange must be done through official dealers such as banks and hotels approved by the Central Bank. Credit & debit cards American Express, Diners Club, MasterCard and Visa are all accepted. Check with your credit or debit card company for details of merchant acceptability and other services which may be available. Traveller's cheques Traveller's cheques are accepted by some banks. To avoid additional exchange rate charges, travellers are advised to take traveller's cheques in US Dollars. Exchange rate indicators
Currency restrictions The import and export of local currency is limited to 20,000 pesos in notes and 100 pesos in coins; the import of foreign banknotes is allowed provided they are declared on arrival if they are over US$10,000 or the equivalent and reexport is intended. The import and export of traveller's cheques is unlimited. Banking hours Mon-Fri 0800-1800. |