Currency
New Sol (S/.) = 100 céntimos. New Sol notes are in denominations of S/.200, 100, 50, 20 and 10. Coins are in denominations of S/.5, 2 and 1, and 50, 20, 10 and 5 céntimos.
Currency exchange
Only a few bureaux de change in Lima will exchange currencies other than US Dollars. Outside Lima, it is virtually impossible. US Dollars can be exchanged everywhere and banks, hotels and shops also readily accept US Dollars (although torn or damaged notes are usually rejected). It is not recommended to exchange money from street vendors. ATMs are now generally regarded as one of the best ways to obtain money in Peru.
Credit & debit cards
American Express, Diners Club, MasterCard and Visa are all accepted, but usage facilities may be limited outside of Lima. Check with your credit or debit card company for details of merchant acceptability and other services which may be available.
Travellers cheques
Banks will exchange travellers cheques although it can be a slow process outside Lima. To avoid additional exchange rate charges, travellers are advised to take travellers cheques in US Dollars. The ability to use travellers cheques is also quite limited in some areas so you should check whether or not they will be excepted in the area your visiting prior to travel.
Exchange rate indicators
The following figures are included as a guide to the movements of the New Sol against Sterling and the US Dollar:
| Date | May '04 | Aug '04 | Nov '04 | Feb '05 | | £1.00= | 6.24 | 6.28 | 6.26 | 6.41 | | $1.00= | 3.49 | 3.41 | 3.31 | 3.39 |
Currency restrictions
There are no restrictions on the import and export of local currency. The import of foreign currency is unrestricted. The export of foreign currency is limited to the amount imported. Receipts of exchange of foreign currencies into S/. must be presented when exchanging back from S/. into foreign currency.
Banking hours
Mon-Fri 0900-1700, Sat 0900-1300 (may vary during the summer).
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