Dominican Peso - Relation With The U.S. Dollar

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.

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