time2rize previously said:

Where's the change?

Different sectors in the DR are complaining about the lack of change in circulation, making the simple purchase of juice from a street vendor an uncomfortable ordeal. El Caribe writes that representatives from large, medium and small businesses as well as street vendors have all voiced concern about the lack of change. Citizens are also angered because instead of getting money back after a purchase they must leave the money at the cashier because no one has change. A RD$80 purchase could cost you RD$100. Reps from large stores like Plaza Lama and Multicentro, and retailers associations like FENACRED and FENACODEP have asked for an explanation from the Central Bank but they have yet to respond. El Caribe reports that in February a public bidding process was launched to determine who would mint new RD$1, RD$5, RD$ and RD$25 coins, no word on which company won the bidding or whether they have begun producing new coins. There is speculation that the government has been lax about the cash to encourage vendors to favor the use of credit cards and debit cards that considerably reduce tax evasion by stores.

http://dr1.com/#10

Manhattanite previously said:

If the speculation is correct then that is a very wise move by the government. Electronic payment is the future in any case, while coins and paper currency cost resources to maintain. It can also reduce crime, both on the street level and the white collar kind. The only drawback is the potential loss of privacy.

time2rize previously said:


I have heard that in Santiago, there is now a black market, to buy small change, like 3% more of the amount you want to buy. Only in DR