Where to exchange your money in the Dominican Republic?
Introduction
Changing your money is an essential step when travelling to the Dominican Republic. Between currency exchange offices, banks, ATMs and card payments, there are many options available… but not all are equal.
In this article, we guide you through the safest and most advantageous solutions for converting your currency, while giving you practical advice on how to avoid unnecessary fees and scams.
The official currency and its use
In the Dominican Republic, the local currency is the Dominican peso (DOP). The most common banknotes are 50, 100, 200, 500, 1,000 and 2,000 pesos, and there are also coins of 1, 5, 10 and 25 pesos.
It is important to note that, although some hotels, restaurants and tourist shops accept US dollars and sometimes euros, the exchange rate applied may be less favourable than that obtained at an official bureau.
Furthermore, in local markets, small shops and less touristy areas, only the Dominican peso is accepted. It is therefore always useful to have some cash in local currency on you.
Exchange your money before you leave
Currency exchange offices in the Dominican Republic
Local banks
Automatic teller machines (ATMs)
Conclusion
In the Dominican Republic, there are various options for exchanging money: exchange offices, banks, ATMs, or card payments. The most important thing is to compare rates and choose secure locations.
To avoid unpleasant surprises, exchange small amounts at a time, do not carry too much cash, and always keep an eye on the banknotes you are given. This way, you can enjoy your stay to the fullest without worrying about your budget.
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