Travelers Guide To Peru’s Currency Exchange

Peru is a great country for enjoying superb, amazing and extraordinary destinations. This country is superlatively and elegantly, diverse, bizarre, colorful and beautiful. There is a myriad of beautiful places in this country that range from Amazons, to Cajamarca, Ancash, Lambayeque, La Libertad, Lima, Ica, Arequipa, Cusco, and Puno; to the far off places like Huancayo, Huacachina las lineas de Nazca, Tambo Colorado.

This article puts light on currency of Peru. The sol currency was introduced in Peru in the 1860s, but it was replaced during Chile's occupation of the country. It was reintroduced in the 1930s, but in the mid-1980s, when the country experienced severe inflation, it was replaced by the inti. In 1991 the inti was replaced by the Nuevo sol at a rate of 1 million inti to 1 Nuevo sol.

It is subdivided into 100 centimos. At present bank notes of 200, 100, 50, 20, and 10 Nuevo sols are in circulation and coin denominations for Nuevo sol are 1, 2, and 5, and that of cents or centimos is 50, 20, 10, and 5. It’s an easy task to exchange the currency in Peru. Normally most of hotels and resorts in Peru accept U.S. dollars. Currencies other than U.S. dollars are not easily exchangeable.

It is advised to exchange the money through banks and certified financial institutions. It is safe and secure method of exchange. Keep away from unauthorized exchange offices, as they offer no security and guarantee. In case you choose an uncertified exchange office, make sure that they are registered in municipalities of different districts of Peru. You can get full information about exchange rates on the Internet through currency exchange websites and via embassies situated at different countries. You can also use your international credit or debit cards for making various payments in Peru.

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Submitted by admin on Tue, 05/18/2010 - 05:21.

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