Money in circulation

[NewsWhore]

El Caribe reports that 69.77% of all bills in the Dominican Republic are in 2,000 and 1,000 denominations. Of these, 41% are 2,000 peso bills, up from 38% in 2010 and 35% in 2006. Nevertheless, El Caribe reports that the high denominations are not welcome in many businesses that often do not have change. RD$100 bills barely make up 5.3% of money in circulation, which explains the lack of small bills.

According to the Central Bank's third quarter statistical bulletin, as of 30 September there was RD$63,579 million in circulation, of which RD$26,140.2 million were two thousand peso bills. The report does not give the breakdown for RD$500 and RD$1,000 bills.

The breakdown of money in circulation as of 30 September 2011, as reported in El Caribe is:

RD$5: RD$606.8 million
RD$10 coin: RD$684.5 million
RD$20 bill: RD$351.2 million
RD$25 coin: RD$958 million
RD$50 bill: RD$937.4 million
RD$100 bill: RD$3,379.3 million
RD$200 bill: RD$1,418 million
RD$2,000 bill: RD$26,140.2 million

www.elcaribe.com.do/2012/04/14/billetes-2000-son-41-emision-monetaria (http://www.elcaribe.com.do/2012/04/14/billetes-2000-son-41-emision-monetaria)

www.bancentral.gov.do/publicaciones_economicas/boletin/boletin2011-09.pdf (http://www.bancentral.gov.do/publicaciones_economicas/boletin/boletin2011-09.pdf)

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