Sunday, October 16, 2011

Money Exchange for Dominican Services - Money

http://travel-to-dominican.blogspot.com/2011/10/money-exchange-for-dominican-services.html
Money Exchange for Dominican Services - Money
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Currency information:

Dominican Peso (DOP; symbol RD$). Notes are in denominations of RD$2,000, 1,000, 500, 100 and 50. Coins are in denominations of RD$25, 10, 5 and 1.
Credit cards:

American Express, Diners Club, MasterCard and Visa are all accepted.
ATM:

Most ATMs in the Dominican Republic accept international bank cards.
Travellers 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.
Banking hours:

Mon-Fri 0800-1500, Sat 0900-1300. In shopping centres: Mon-Fri 0900-1900, Sat 0900-1300.
Currency restriction:

The import and export of local currency is limited to RD$20,000 in notes and RD$100 in coins; the import of foreign banknotes is allowed provided they are declared on arrival and if they are over US$10,000 and re-export is intended.
Currency exchange:

The peso is not available outside the Dominican Republic. Currencies of Canada, France, Germany, The Netherlands, Spain, Switzerland, UK and USA may be converted into local currency. On departure, up to 30% 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. Most resorts quote prices in (and are happy to accept) US Dollars. Some street vendors in touristic areas also accept US Dollars although these are not legal tender in the country.