The Dominican peso (DOP, or RD$[89]) is the national currency, although United States dollars (USD), the Canadian dollar and euros (EUR) are also accepted at most tourist sites. The dollar is implicated in almost all commercial transactions of the Dominican Republic; such dollarization is common in high inflation economies. Americans traveling to the Dominican Republic have a very good exchange rate. The exchange rate to the U.S. dollar, liberalized by 1985, stood at 2.70 pesos per dollar in August 1986,[51]:p417, 428 14.00 pesos in 1993, and 16.00 pesos in 2000. Having jumped to 53.00 pesos per dollar in 2003, the rate was back down to around 31.00 pesos per dollar in 2004. As of November 2010 the rate was 37.00 pesos per US dollar. As of January 2013 the rate was 40.00 pesos per dollar.[89]