Is kind of unraveling at faster pace now-noticed that Caribe Express has dollars to pesos at 48.80 and many of the banks all have pesos to dollars at 49. I believe it was around 48 in mid December.
I've noticed that, too. The peso has been devaluating faster in the last month or two than previously. There's a shortage of USD in the country. I think that's why. That's another reason they just had that big bond sale.
I suppose that all applies to many currencies.
Maybe the Cdn $$ will suffer a bit too..
We arrived on the 10th, very late this year. Came with cash to spend and to deposit into bank, same as we do every year. We had left under 5K in the account last year. The account is over 10 years old. Each year they deactivate our account due to no activity, and it always has taken 5 minutes to reactivate with Mr AE cedula.
This year was a nightmare. They wouldn’t accept the cash, wouldn’t accept a check to be deposited, wouldn’t give us access to the money in the account. So much for wanting US dollars.
It took two trips to the bank, several hours, both our passports, lots of paperwork and a million questions (where do you work? We’re retired. Where did you work before that? How much does US social security send you here? It doesn’t, it goes into US bank. Can you prove that??). Rant over. Arghhhhhhh
We arrived on the 10th, very late this year. Came with cash to spend and to deposit into bank, same as we do every year. We had left under 5K in the account last year. The account is over 10 years old. Each year they deactivate our account due to no activity, and it always has taken 5 minutes to reactivate with Mr AE cedula.
This year was a nightmare. They wouldn’t accept the cash, wouldn’t accept a check to be deposited, wouldn’t give us access to the money in the account. So much for wanting US dollars.
It took two trips to the bank, several hours, both our passports, lots of paperwork and a million questions (where do you work? We’re retired. Where did you work before that? How much does US social security send you here? It doesn’t, it goes into US bank. Can you prove that??). Rant over. Arghhhhhhh
If not too personal of a question, may I ask which bank?
Comforts me in my choice to never, never ever have a bank account in the dr.
Well, let me rephrase that to " never ever have a bank account with more than a couple of dozen thousand pesos in it ".
It takes me less time to send myself pesos ( or $ or chf ) with ria, and they bring them to my house, the same day, or the day after.
You also benefit from better exchange rates than any institution in the dr ( bank or casa de cambio ).
And for a whooping 5$ charge ( or chf ) per 2k $ sent ( or chf ).
P.S. If you need in excess of 5k $ a month, it can be tricky ( pesky americans that want to control everything ), but there are lots of ways around that.
An account in your name and then in wife's name and/or friend/relatives name....
We arrived on the 10th, very late this year. Came with cash to spend and to deposit into bank, same as we do every year. We had left under 5K in the account last year. The account is over 10 years old. Each year they deactivate our account due to no activity, and it always has taken 5 minutes to reactivate with Mr AE cedula.
This year was a nightmare. They wouldn’t accept the cash, wouldn’t accept a check to be deposited, wouldn’t give us access to the money in the account. So much for wanting US dollars.
It took two trips to the bank, several hours, both our passports, lots of paperwork and a million questions (where do you work? We’re retired. Where did you work before that? How much does US social security send you here? It doesn’t, it goes into US bank. Can you prove that??). Rant over. Arghhhhhhh
Nah, like you said. Easier to Vigo or Ria Envia or Xoom to you than use any bank.Comforts me in my choice to never, never ever have a bank account in the dr.
Well, let me rephrase that to " never ever have a bank account with more than a couple of dozen thousand pesos in it ".
It takes me less time to send myself pesos ( or $ or chf ) with ria, and they bring them to my house, the same day, or the day after.
You also benefit from better exchange rates than any institution in the dr ( bank or casa de cambio ).
And for a whooping 5$ charge ( or chf ) per 2k $ sent ( or chf ).
P.S. If you need in excess of 5k $ a month, it can be tricky ( pesky americans that want to control everything ), but there are lots of ways around that.
An account in your name and then in wife's name and/or friend/relatives name....
Xoom gives a better exchange rate. And I don't want any motocochos knowing money is in my house so no thanks to home delivery
So now how do you plan to bring money inTo answer questions.
BHD bank
We don’t access online at all. Learned our lesson, will use xoom to throw some money in every couple of months. They lock it after 6 months
Xoom exchange rate sucks.
Chico, you could be right. Apparently Dominicans with US citizenship are foreigners too them too.
So now how do you plan to bring money in
There are new laws regarding money laundering.We arrived on the 10th, very late this year. Came with cash to spend and to deposit into bank, same as we do every year. We had left under 5K in the account last year. The account is over 10 years old. Each year they deactivate our account due to no activity, and it always has taken 5 minutes to reactivate with Mr AE cedula.
This year was a nightmare. They wouldn’t accept the cash, wouldn’t accept a check to be deposited, wouldn’t give us access to the money in the account. So much for wanting US dollars.
It took two trips to the bank, several hours, both our passports, lots of paperwork and a million questions (where do you work? We’re retired. Where did you work before that? How much does US social security send you here? It doesn’t, it goes into US bank. Can you prove that??). Rant over. Arghhhhhhh