right Alex,
fix deposited/invested on 19% per year $140.000.-US bring the RD$80.000.- pesos monthly interests.
the last years our exchange rates show nice stable, so a good thing to do.
to your Q on the other thread about sending that money to Canada the debit card in your daughter's hand's in Canada is the best bet, lowest fees involved and you get the better exchange rates on 'bying Canadian dollars with dominican pesos'.
80K a month may be low for some couples on the Isle, but also sound much too much for other couples for a 'decent' living.
here on the thread with the subject (moving to the DR on a budget" i would name it too high to be appropriate for the thread.
no offense meant, but here the guys are looking for the 'lower decent' livestyle.
cheers
Mike
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