Dominican Currency

Brief History

The Dominican currency is the peso has been in use since 1844. The Peso was put into circulation to replace the Haitian gourde. In the 1870"s The Centavos was introduced which broke the Peso into smaller denominations. In the 1890's another currency began circulation along with the Peso. After 1905 the Peso was replaced by the United States dollar until the 1930's, at which time the Peso was put back into circulation with the dollar. The U.S. dollar was taken back of circulation in the 1940's. The Peso has been the Dominican currency ever since even though the dollar is used as a reserve currency. Today most tourist areas will take the Euro and the U.S dollar as currency. In Punta Cana most of the resorts are all inclusive so you do not need to worry if you choose. In reality, you will still want to leave an occasional tip (any Currency) and you will likely visit some of the shops both on and possibly off of the resort. FYI - The Dominican currency is issued by the Central Bank of the Dominican Republic (Banco Central de la Republica Dominicana).

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In the Dominican Republic, American Express, MasterCard, Visa and Diners Club, are all accepted. Like anywhere else, that will vary from shop to shop. Most banks have hours generally from 8:00 am to 6:00 pm Monday through Friday, and they should be able to help with cash advances. Just remember for cash advances you need to set up a PIN (personal identification number) with your credit card company prior to traveling. Check with your credit or debit card company for details of merchant acceptability and other services which may also be available.

The import of foreign currencies must be declared if it exceeds 10,000 USD or if you plan to export this amount. The export of foreign currencies is free up to 10,000 USD or an equivalent. If you plan on exporting amounts larger than this, then you will need authorization from the central bank.

Dominican Republic notes are in the following denominations(DOP) 2000, 1000, 500, 100, 50, 20 and 10

Dominican Pesos = 100 Centavo(s).

dominican coins
10 Pesos
20 Pesos
50 Pesos
100 Pesos
200 Pesos
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1000 Pesos
2000 Pesos

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