Money, Currency and Exchange Rates in the Dominican Republic

ATM

Dominican Republic Currency

The peso is the national currency. There are coins of 1 and 5 pesos and then there are bills for RD$ 10, 20, 50, 100, 500, 1000 and 2000.

Exchanging to Dominican Pesos

US dollars are the most easily exchangeable foreign currency into the local Dominican Republic currency, Dominican Pesos (RD). In a lot of the tourism destinations in the country, many of the hotels, restaurants and businesses indicate their prices in US dollars as well as in Dominican Pesos, and would actually prefer to be paid in US dollars. In some desitations, such as Las Terrenas and Las Galleras, the Euro is as accepted as the US dollar. Most of the larger country's currencies can be exchanged in tourism destinations all over the Dominican Republic. In general, the best rates of exchange are offered by the banks and independent money exchanges. They usually only differ between a Peso or two per unit of foreign currency between them. Airports, hotels/resorts, restaurants, and other businesses tend to offer a slightly lower rate of exchange for the convenience they provide in exchanging your currency.

Major credit cards and traveler's checks are accepted at most of the larger hotels/resorts and businesses, but you may find you'll be surcharged in some cases for this payment method.

In the larger resort areas/towns/cities you will find banks that also have ATM's (bank machines) which are accessible 24 hours per day. Banks are generally open from 8:30 am to 4:00 pm, Monday to Friday. Some branches are open until 9 pm in the evening, as well as mornings on Saturdays. In addition to exchanging currency, most banks will also offer major credit card cash advances, with identification, such as your Passport. Please visit our Currency Converter to get the most up-to-date rate of exchange between your particular currency, or US dollars, and the Dominican Peso.