The Dominican Republic is perhaps best known for its stunning coastline and tiny, palm scattered islands. The country also boasts a number of water parks such as Splash Water Park in Punta Cana and Agua Splash Caribe in Santo Domingo that are either free, or charge a small entry free — the perfect antidote to a scorching day in paradise. For nature lovers, a trip to the Haitises National Park is sure to impress.
Why not look at our All Inclusive holiday deals , which will cover the cost of your meals. If you plan to explore on your luxury Dominican Republic holiday by booking a number of private, guided tours, take a little more spending money with you to cover this. Wages in the Dominican Republic tend to be low, so tipping is very much appreciated among most Dominicans. Ready to book an exotic getaway to the Dominican Republic?
Share this article:. When managing currency currencies in Punta Cana , there is always the question of whether prices are higher or lower for foreigners. Many choose to continue using the dollar or the euro, but, as we mentioned in previous sections, both currencies are quoted in the same way, although we know that the euro has another value.
The most appropriate thing is to travel to the Dominican Republic with American dollars for the subject of the quote. Also, it will be easier for you to go to an exchange place and get the Punta Cana currency , which is the Dominican peso, to make your purchases or access services more easily.
Also, we have ATMs where it will be easier for you to withdraw cash and make your purchases in souvenir shops or pay in restaurants. For more information about the Punta Cana currency and the currency exchange at our hotel, contact us and we will answer your questions. Vote count:. No votes so far! Be the first to rate this post. Your email address will not be published.
What currency is used in Punta Cana? In the currency converted to the decimal system and was subdivided into centavos. Between to , the country released a second currency, the franco , which circulated as an additional parallel currency. Initially, paper money was produced and distributed by two private banks. In the early s, the U. As a result of the island becoming a U. The exchange was pegged at a rate of 5 Dominican pesos to one U.
The Dominican Republic began circulating its own currency again in , but only in coin form, called the peso oro. The central bank is located in Santo Domingo and is responsible for maintaining price stability and protecting the integrity of the Dominican economy and payments system. During economic troubles during the early s, the government recalled some of the coins in circulation, which were melted down. Later, in , the Peso Oro became a fiat currency where its value derived from the relationship between supply and demand, not an underlying commodity.
Renaming of the peso oro happened in returning the name of the currency to simply the peso. Trading Economics. Monetary Policy. Actively scan device characteristics for identification. Use precise geolocation data. Select personalised content. Create a personalised content profile. Measure ad performance.
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