Sunday, 06 February 2011 15:35
Money, Tax and Tipping
MONEY
The official currency is the Dominican Peso (RD$). Most ATM operate on the Cirrus Network (Mastercard) or Plus Network (Visa). Remember that money extracted from ATM will be Dominican Pesos and not your home currency. Dominican Pesos are available in bills of 2000, 1000, 500, 100, 50 and 20 pesos. There are also coins of 25, 10, 5 and 1 pesos. Visa, Mastercard and American Express credit cards are widely accepted. American Express Travelers checks can be replaced at branches of the Banco Popular.
TAX and TIPPING
Goods and services in the Dominican Republic are subject to a 16% government value-added tax (called ITBIS). At restaurants, for example, the bill includes the 16% ITBIS plus a 10% service charge. An additional tip is optional.
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