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The Dominican Republic is the second biggest economy in the Caribbean and it has a viable financial market governed by the Financial and Monetary Administration, which consists of the Monetary Board, the Central Bank and the Superintendency of Banks, where the Monetary Board is the leading institution.
Apart of the banking sector the Central Bank of the Dominican Republic also regulates non-bank financial institutions, such as credit institutions, savings and credit associations and cooperatives.
The Central Bank, along with the Financial and Monetary Administration as a whole enjoys functional, organizational and budget autonomy.
But as no forex and CFD brokers are mentioned specifically, and forex trading in the country is not restricted by the legislation, if you reside in the Dominican Republic and want to trade, you can always chose a broker regulated by a well known financial watchdog such as the Financial Conduct Authrity in the UK, the Cyprus Securities and Exchange Commission (CySEC) or the Australian Securities and Investments Commission (ASIC).
Popular payment methods in the Dominican Republic are PayPal, Payoneer, 2Checkout, Neteller and Skrill, as well as all major credit and debit cards like VISA, MasterCard and American Express.
The currency of the Dominican Republic is the Dominican peso.