This forum is a great source of information. Thank you all who contribute to it.
I want to understand why hotels can charge a higher rate of exchange than a bank or on the street.
Do they have to pay a tax or fee for providing this service? If so what is it?
What Dominican agency would they have to report to if they do at all?
I realize this may be different town to town. I am specifically refering to Cabarete, where I understand the street rates are all the same due to some agreement with ??? and no fee, no commission.
What is the specific arrangement in Cabarete regarding exchanging money and setting rates?
Thank you in advanced for your information.
Choudra
I want to understand why hotels can charge a higher rate of exchange than a bank or on the street.
Do they have to pay a tax or fee for providing this service? If so what is it?
What Dominican agency would they have to report to if they do at all?
I realize this may be different town to town. I am specifically refering to Cabarete, where I understand the street rates are all the same due to some agreement with ??? and no fee, no commission.
What is the specific arrangement in Cabarete regarding exchanging money and setting rates?
Thank you in advanced for your information.
Choudra