Money & duty free for Dominican Republic
Exchange rates:
Dominican Republic PesoC$1 = RD$34.54
€1 = RD$48.23
£1 = RD$57.44
US$1 = RD$46.34
Currency & Money
Dominican Peso (DOP; symbol RD$). 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.
Traveller's cheques are not commonly used nowadays, but they are still accepted by banks.
The import and export of local currency is prohibited. The import of foreign banknotes is allowed provided that sums being the equivalent of US$10,000 and more are declared, while export of foreign banknotes is allowed up to the sum that was imported.
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 exchanges 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 a legal tender in the country.
Dominican Republic duty free
The following goods may be imported into the Dominican Republic by travellers who are 18 years of age and older without incurring customs duty:
• 20 packs of cigarettes or 25 cigars or 200g tobacco.
• 3L of alcoholic drinks.
• Gifts to the value of US$500 once within three months.
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