When traveling outside of their home country, most visitors often worry and are curious about foreign currency. You may be asking yourself questions such as: What kind of currency is accepted in this region?, Where will I be able to exchange my own money for the accepted currency?, and What type of credit and debit cards will be accepted in this country? Each of these questions is valid and should be answered prior to undertaking the trip.
Here we will provide some tips to help answer these questions for travelers planning their trip to the Punta Cana, Dominican Republic region.
What Currency Is Used In Punta Cana?
The official currency of the country is the Dominican Peso (DOP). However, because Punta Cana is a hot spot for international tourism most shops, hotels, excursion companies and restaurants accept US dollars and Euros. In fact many visitors go about their trips without ever using any other currency than the US dollar, but it is advisable that each member of your party has some Dominican currency in his or her wallet, also. The value of the DOP typically hovers between 40 to 45 Pesos per US dollar.
Should I Bring Cash Or Exchange Once I Arrive?
Travelers can bring foreign currency with them to Punta Cana, rather than exchanging it prior to their visit. If you prefer it, you can bring the money in cash and exchanging it at the desk of the hotel or at the bank or exchange houses located in Punta Cana, rather than exchanging through your credit or debit card. But of course you can also use ATM machines located at most hotels and throughout Punta Cana.
Though most banks will accommodate your desires to pull out pesos from your bank account, you may find it to be more difficult in some parts of Punta Cana where there are no ATMs, and you should be aware some banks have a limit to the amount of money you can withdraw in a day or in a single transaction. Travelers should bring plenty of small dollar bills in order to leave tips and exchange small amounts of cash.
What Credit And Traveler’s Cards Are Accepted?
Almost all of the major Punta Cana hotels and resorts will accept American Express, Diner’s Club, Airline Rewards, and other cards. Visa and Mastercard are accepted almost everywhere.
Most travelers do not experience any problems paying with their credit cards. It will be important to remember, however, that some shops and small restaurants may only accept cash as a form of payment.
Dominican Republic Current Bills and Coins
Money Travel Tips
- Try not to exchange your money into the largest bill (2,000) for many small businesses refuse to accept them. This is because the 2,000 pesos bill is the most forged bill in the Dominican Republic.
- Try to keep your money in bills as much as you can. Loose change is spent faster and lost easier than bills.
- Try to exchange your money into the smaller bills (50, 100, 200 and 500) for most places will claim they don’t have enough change to give back. This will force you either to walk away empty handed or to forfeit some of your change to the cashier.