We will be arriving in the DR next week. Planning on bringing USD and exchanging them at casas de cambio as we visit. A couple questions:
1) Will a casa de cambio accept a large bill ($100 USD) or should I bring $20 USD denominations?
2) How much better is the exchange rate at an ATM vs casa de cambio?
Thanks!
Mike
That never happened to us, but one time they took almost $500 from my checking account and gave me no pesos. *My bank eventually got it straightened out, but it was aggravating*
Had a Banco Popular machine eat my card and demagnetized the strip in the process.
Go to a teller and the will manually input the card, no need to use an ATM, if you are a-scared.
The best rates I have found are at the Caribe Tours bus station in SD.
Changing $20's is easier than changing $50's and $100's.
Bring lots of 100 bills because they'll go quick if you want to do anything other than sit in the hotel room
I totally agree. There is a big difference in spending in the capitol and in some other parts of the country. $100 bills are fine in the capitol, not so much in other places where $20 bills are better. I arrive in the capitol and don't even think about exchanging money at SDQ. I pay the taxi in USD, check into my hotel, and go to the casa de cambio and exchange a few hundred into pesos. When I run out, I get more. After my first few years in the DR I completely stopped using their ATMs. I leave the capitol with enough pesos to get by for a few days and go to the casa de cambio at my next destination. I haven't had a problem since I stopped using ATMs which have eaten my card, cloned it, and caused major challenges for me over the years. Hold on to some $20s and even a few smaller USD, but don't worry about using your C-Notes. Use a reputable casa de cambio and you'll be fine.
was I speaking Swahili?
I totally agree. There is a big difference in spending in the capitol and in some other parts of the country. $100 bills are fine in the capitol, not so much in other places where $20 bills are better. I arrive in the capitol and don't even think about exchanging money at SDQ. I pay the taxi in USD, check into my hotel, and go to the casa de cambio and exchange a few hundred into pesos. When I run out, I get more. After my first few years in the DR I completely stopped using their ATMs. When I leave the capitol with enough pesos to get by for a few days and go to the casa de cambio at my next destination. I have not a problem with 100 bills on the North Coast either. I haven't had a problem since I stopped using ATMs which have eaten my card, cloned it, and caused major challenges for me over the years. Hold on to some $20s and even a few smaller USD, but don't worry about using your C-Notes. Use a reputable casa de cambio and you'll be fine.
What?
was I speaking Swahili?