Dominican Republic Interest Rates

The Dominican economy, with a population of 9.4 M (est. 2010 Census), has the second largest economy in Central America with an overall ranking of 70th in the world. It has a GDP PPP of $103.2 Billion and GDP PPP per capita of $9,991 vs. $53,101 (United States) according to the IMF in 2013. Its national currency is the Peso with ISO value DOP/or RD$ that is issued by Central Bank of the Dominican Republic (www.bancentral.gov.do). The banks in the country offer transaction accounts (Cuentas Corriente), Peso Savings Accounts (Cuentas de Ahorro), Ahorro En DÓLARES (Savings in US Dollars) as well deposits with a fixed term and a fixed yield (Certificados de Depósito). According to CIA.gov its inflation was 5% in 2013 and 3.7% in 2012.

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Dominican Republic Banks

Showing rates for 5 Bank deposit providers in Dominican Republic.
Bank Branch Founded Ownership
Banco BHD Banco BHD 80 1972 Foreign
Banco Leon Banco Leon 68 1987 Foreign
Banco del Progreso Banco Del Progreso 53 1974 Foreign
BanReservas BanReservas 11 1941 Local
Banco Popular Dominicano Banco Popular Dominicano 1963 Local

Dominican Republic Discussion Activity

  • Banco Popular Dominicano
    Q: I am a U.S. citizen and my wife is a Dominican citizen. We purchased a town home in La playa Nueva Romana located in the city of San Pedro De Macaris Dominican Republic. We put 50% down and we are looking to finance the other 50%. Can we get financing with Banco Popular Dominicano

    Robert D from Babylon, United States
  • Banco BHD
    Q: What is requirements for personal loans to foreigners

    john from Santo Domingo, Dominican Republic