There are several options for exchanging dollars in the Dominican Republic, including banks, exchange bureaus, and ATMs. Here are some of the best places to exchange dollars in the country:
- Banks: Banks usually offer the most competitive exchange rates, and many have branches located throughout the country. Some of the major banks in the Dominican Republic include Banco Popular, BanReservas, and Scotiabank.
- Exchange Bureaus: Exchange bureaus, also known as “cambios” in the Dominican Republic, can be found in tourist areas and major cities. They typically offer slightly lower exchange rates than banks, but are still a reliable option.
- ATMs: ATMs are widely available throughout the country and can be a convenient option for withdrawing cash in local currency. However, some ATMs may charge high fees for international withdrawals, so be sure to check with your bank before using them.
It’s also important to note that it’s generally a good idea to exchange money in the Dominican Republic instead of carrying large amounts of cash. Many businesses in the country accept credit cards, and carrying too much cash can make you a target for theft.