- Santo Domingo
Dominican Republic Currency
The currency is the Dominican Republic Peso (DOP), divided into 100 centavos. Many of the hotels and restaurants in the main tourist destinations display their prices in US dollars as well as in Dominican Pesos, as US dollars are widely accepted and some places will also accept Euros.
The peso cannot be exchanged outside of the Dominican Republic. Major currencies can be converted into pesos at Central Bank approved bureaux. Only a small percentage of the pesos bought can be reconverted and this only if the original receipts are produced. So it is best not to buy more pesos than you are likely to need.
Major credit cards are accepted everywhere, but a commission is usually charged and it is recommended that you only use your credit card at your hotel as fraud incidents have been reported. The best exchange rates are paid on US dollars in cash and are best exchanged at exchange bureaux (casas/agente de cambio).
Banking hours are Monday to Friday, 8.30am-4.30pm. Some banks also open on Saturdays. ATMs are widespread.
Currency Exchange Rates
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