Relation With The U.S. Dollar
The United States dollar is used as a reserve currency by the Central Bank of the Dominican Republic. Also, when convened by both parties, both U.S. dollars and the euro can be used in private transactions (this applies mostly in tourism-related activities). This was most true during the drastic inflationary period of 2003–2004.
Read more about this topic: Dominican Peso
Famous quotes containing the words relation and/or dollar:
“[Man’s] life consists in a relation with all things: stone, earth, trees, flowers, water, insects, fishes, birds, creatures, sun, rainbow, children, women, other men. But his greatest and final relation is with the sun.”
—D.H. (David Herbert)
“Any time you take a chance you better be sure the rewards are worth the risk because they can put you away just as fast for a ten dollar heist as they can for a million dollar job.”
—Stanley Kubrick (b. 1928)