The Dominican peso (DOP) is the national currency, although US dollars (USD) and euros (EUR) are also accepted at most tourist sites. The peso was worth the same as the USD until the 1980s, but has depreciated. The exchange rate in 1993 was 14.00 pesos per USD and 16.00 pesos in 2000, but it jumped to 53.00 pesos per USD in 2003. In 2004, the exchange rate was back down to around 31.00 pesos per USD.
The U.S. dollar is implicated in almost all commercial transactions of the Dominican Republic — such dollarization is common in high inflation economies. On February 2005, 1.32 USD = one € = 29 DR pesos; in October 2005, 1.19 USD = one € = 32 DR pesos. As of September 2007 the value of the peso is 1 USD=0.7006 EUR=33.430 DOP.
Courtesy of Wikipedia
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