Dominican Republic The Dominican Peso (DOP) is the official currency of the Dominican Republic, issued by the Central Bank of the Dominican Republic. It was introduced in 1947, replacing the Dominican Republic Gold Peso. The peso is a free-floating currency, but its exchange rate is heavily influenced by the U.S. Dollar (USD) due to the country’s strong tourism and trade ties with the United States. The peso is subdivided into 100 centavos, and banknotes range from DOP 50 to DOP 2,000, with coins in denominations of 1 to 25 pesos. U.S. Dollars are widely accepted in tourist areas, but all official transactions must be conducted in pesos.
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Last updated: Exchange rates here are informational, reflecting mid-market rates which fluctuate regularly. For an estimation of the rates offered by Instarem, please check our currency conversion calculator at the time of transfer.
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Disclaimer: All information in this article is provided for general knowledge and educational use only. It should not be considered legal, tax, or financial advice. We recommend contacting a licensed expert in your area for assistance with specific concerns.
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