Schell 343 - Of. 607
Miraflores - Lima 18
Tel: +51 1 702-2000
TOLL FREE numbers:
The official currency in Peru is the "Nuevo sol" and its symbol is S/. We currently have in circulation the following :
Bills of 10,20,50, 100 and 200 nuevos soles
Coins of 1,2 and 5 nuevos soles and of 5,10,20 and 50 cents of nuevo sol.
The US dollar is by far the easiest foreign currency to exchange because it will be difficult to exchange other currencies out of Lima. Despite of being well accepted, in some small sites, you will generally have to exchange it into nuevos soles. The entrance of foreign currency to Peru is limited.
The dollar exchange rate may vary every day, but it usually changes between S/.3.40 and 3.60 nuevos soles against each American dollar.
One nuevo sol is worth .S/.3.25 against the Euro
It is better you take small denomination bills or pocket money as vendors, shops and taxis do not often have change. Be careful with bills and examine that they are not old or broken as vendors, banks, street money changers, etc. do not accept damaged bills.
Banks and money exchange offices
All the Bank Branches (situated in provinces) exchange American dollars and travelers cheques. The main offices (situated in Lima) and/or Exchanges money exchange offices accept coins. In Cusco, you can change your American dollars in the parallel market where the street moneychangers located in the Sun avenue generally offer a favourable exchange rate. They previously agreed about the rate among them so you do not need to negotiate.
In general, the exchange rate in these transactions is lower than the official exchange rate or the rate in the parallel market.
However, exchanging money in the streets may be dangerous. Exchanging money in the streets is legal but not suggested. You may be robbed if someone looks at you with money. Be careful about false dollars bills. There have been many swindled tourists.
We suggested you to exchange your dollars or travelers cheques in money exchange offices or banks located in the first two blocks of The Sun avenue. You can also exchange your money at hotels, restaurants and shopping centers but at higher rate.
Banks are open from Monday to Friday from 9:00 to 18.00 hours, and Saturdays until midday. There are street moneychangers in the corners of the Sun avenue as well as many ATMs.
The standard of traveler's checks exchange is of 1% in case of nuevos soles and 3% if dollars. Although this rate is not so common in the city (in some banks the exchange means a loss of 2% and 5% of the total to be exchanged), they can may be performed in banks and money exchange offices.
Banco Continental discounts 5% of commission for traveler's checks exchanges. Some travel agencies may exchange dollars and traveler's checks but they could charge 4 and 5% of commission.
Traveler's checks cancellation in Thomas Cook: 241-5566 / 444- 5175
American Express: 001-800-8602908
Money Transfers (money order)
Money transfers may be performed through commercial banks. The transaction for an international transfer may last 3 days at last and for national transfers last a full day or less. It is possible to charge to credit cards in order to obtain cash.
This is not a common way either, though hotels and prestigious restaurants and numerous shops may accept them. The most accepted are American Express, Visa, Diners, Master Card and Cirrus. The most accepted credit card in Peru is Visa. MasterCard is also accepted but Diner's club and American Express are not well accepted.
We recommend Banco de Credito to withdraw your cash with a Visa credit card. If you have a Master card go to Banco Santander Central Hispano and if it is American Express you find its main office in Lima Tours situated in Portal de Arinas 177, Main Square. Telephone 22- 8431.
The disadvantage of using your credit card is that some shops, hotels and restaurants charge an 8% commission to the bill. It is best to withdraw money from the ATMs and pay in cash. It is safe to have travelerīs checks just in case though sometimes you will have difficulties to exchange them. If exchanged, they will offer you lower rates than in cash.
In case of lost or theft of your Visa credit card, you are able to cancel it calling to 0-800-1-3333.
If any enquires about MasterCard, you may call to 0-800-49510 or to the 24- 4946. If your credit card has been issued abroad, contact with Master Global Service to 0-800-505-87.
The best way to obtain your money is through ATMs. Most of them work with Plus system but there are also some that accept Star, Cirrus and Interlink.
Most of the banks have ATMs from where you can withdraw money with international credit cards. They deliver large bills. We suggested asking for small denomination bills. In Cusco, Banco Santander ATMs (former Banco Continental) is situated in the second block of The Sun Avenue. Despite of the fact you will have to walk some blocks, it delivers small denomination bills so you won't have problems while paying. Banco Santander ATMs is located inside the building so it is comfortable and safer for clients especially for users of Visa credit cards.
|OUR TRAVEL AND TOURS SITES|
|OUR TRAVEL AND TOURS SITES|
IN LATIN AMERICA