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Economy
Pesos
The official currency of the
Dominican Republic (D.R.) is the Peso. Paper currency is printed
in denominations of 5,10, 20, 50, 100, 500 and 1000 Peso notes. Coins are
circulated in 1 and 5 Peso denominations (currently both coins and paper
are circulated to represent 5 pesos).
The Central Bank of the Dominican
Republic maintains responsibility for the printing and issuance of currency,
and the regulation of the nation's banking ~ monetary system.
Currency
Exchange
Currency exchange services
are offered by most banks or private exchange houses (Casa de Cambio).
While it is not difficult to find a money exchange counter or bank in the
capital or tourist areas to convert your foreign currency into Pesos, keep
in mind that the exchange rate may often be better with some of the private
concerns, such as Vimenca.
To make matters convenient for tourists, the following foreign currencies are commonly bought or sold vs. the Dominican Peso: Canadian Dollars, Dutch Gilders, English Pounds, French Francs, German Marks, Spanish Pesetas, Swiss Francs and US Dollars. Most other currencies will be difficult to convert and may require a visit to the Banca de Reservas or Central Bank in order to do so.
The average wage for a Dominican is approximately RD$ 5000 (about US$ 300) per month, but slowly improving.
Income
Source
Agriculture is the main source
of income for the Dominican economy, with sugarcane being the leading cash
crop produced for export. Other important export crops are cocoa and coffee.
Nickel is the leading mineral export; bauxite, gold, and rock salt are
other significant mineral resources.
Although the government is
attempting to expand industry, most industrial products must be imported,
largely from the United States. Tourism is challenging agriculture as the
more important economic source.
The country is divided into 29 provinces and a National Territory surrounding the capital, Santo Domingo. Santo Domingo is on the southern portion of the island. Since the city is located directly on the coast, it is a major center of seaport activity. The population of the Dominican Republic has been estimated to be about 8 million, with slightly less than four million living in the capital city of Santo Domingo. Santiago is the second largest city, and is situated closer to the mountainous areas to the north. The map below shows the 29 different provinces.
Mountain ranges divide the
country into three regions: northern, central, and southwestern. The largest
body of water is Lago Enriquillo (Lake Enriquillo), in the southwest. The
highest mountain in the Caribbean, Pico Duarte
, is located in the D.R. It rises in the Cordillera Central (Central Range)
to the height of 3,087 meters.
click on any of the below provinces to learn more about them
The official language of the Dominican Republic is Spanish. However most people in the big cities can speak some English and German, and quite a few may also speak French and Italian. However, in some areas of the country, particularly within the interior, the local residents usually speak only Spanish. So if you plan on going to the D.R. it would be helpful to study some spanish!People and Culture
The D. R., has a total population of almost 8 million. It has the biggest population in the Caribbean. The great majority (75%) of its citizens are mulattoes, a mixture of Europeans, Africans and Amer-Indians. 15% are whites who mainly descended from the original Spanish settlers. Blacks make up the rest of the balance (10%).
Culture
click above to learn
more about each tradition and folklore below
The Three Wise Men
-January 6th, the day of Three Wise Men, is when the Dominican and most
Latin children receive their presents
January 21: Day of Altagracia-
She is the spiritual Mother of the Dominican Republic
Christmas under a blazing sun-
They celebrate Christmas in the heat with bonfires and other traditions.
Happy New Year! -This
is a day for reconciliation, meditation, and celebration in the D.R.
Christmas Tradition: Aguinaldo
-An
“aguinaldo” used to be like a Christmas gift, but over the years people
started calling the song “aguinaldo”. A group of 3 to 4 persons, go out
on the streets playing homemade instruments such as bottles to sing to
their neighbors and to collect gifts.
Superstition! -The
Dominican Republic has specific regions where superstition is essential
to perform all daily tasks. San Juan de Maguana, Ocoa, Azua, La Romana
and San Pedro are especially known for it.
Carnival is coming to town! -The
Dominican Carnival, as it is known today, is a drastic evolution from the
festivals that were celebrated in Europe in the 16th century.
Mamajuana -A
traditional Dominican drink
Independence Day -February
27, 1844 is Independence Day and is usually celebrated with The Dominican
Carnival
The dances of Samaná -Bamboulá
and Isidora
Dominican cuisine -The
typical Dominican cooking is very rich and spicy. It is a combination of
the traditional Taíno, Spanish and African cooking.
Africa in Samaná Part II
-The
blacks who were brought to the Dominican Republic by president Boyer in
1824, were mostly slaves on the southern plantations in North America brought
their unique culture with them.
Music
Dominican
Merengue -This is a popular type of music
in the D.R.
In the mountain ranges it is considerably cooler. The temperatures can go below freezing. On some occasions snow can be seen.
The hot season, or "summer" is from May to October. The average temperature ranges from 31°C (87°F) during the daytime and drops to about 22°C (72°F) at night. However with the humidity during this season, it often feels much warmer. It often rains for thirty minute periods during this time. They refer to these storms as a tropical shower.
Tropical cyclones strike the
country on average of once every two years and usually have greatest impact
along southern coast.