Currency in Peru: exchange, import, money. What is the currency in Peru?
Currency in Peru
In the American Republic of Peru, the currency used is Peruvian salt. One Peruvian salt is equal to 100 centavos. The official abbreviation for Peruvian Salt is PEN. For the first time, Peruvian salt was introduced into circulation in Peru at the beginning of 1863 and was used until 1985, then it was also called Silver Salt, and from 1930 to 1985, it was renamed Golden Salt. The name comes from a Spanish coin «sueldo», which in Spanish means the sun. The sun is one of the main notable symbols of the city of Peru. In 1985, the Peruvian authorities, due to high inflation, were forced to reform the monetary currency, which subsequently led to the introduction of a new currency unit «inti», which was exchanged for the old currency of salts in a ratio of 1000 to 1. However, the inti currency also could not avoid inflation, and the same took into account it. As a result, from July 1993, a new currency was introduced into circulation - Peruvian new salt. Today, money in Peru is circulated in the form of banknotes in denominations of 10,20,50,100 and 200 Peruvian soles, as well as in the form of coins in denominations of 0.10,0.20, 0.50.1, 2 and 5 soles.
No need to think long about the question «what currency should you take with you?» , since in Peru, in addition to the official currency, the dollar is widely used, which is an alternative currency in Peru.
Currency exchange in Peru
Currency exchange is carried out almost at every corner of the city - in shopping centers, hotels, banks and in numerous exchange offices. The most favorable exchange rate is carried out - in exchange offices. When exchanging, it is advisable to get your hands on smaller bills, since problems with large denomination bills may arise, they will not be able to give change everywhere. Other foreign currencies are exchanged exclusively at the central banks in Lima and Cuzco. ATMs in Peru, as in all other countries, are ubiquitous.
Payment with credit cards is not accepted everywhere, mainly a bank card can be used in the city center and in certain tourist areas, in remote areas you can rarely find an ATM, so you should have cash with you. It is also worth knowing that in the province it is almost impossible to pay with a credit card. Peru is one of the few republics where there are no duty restrictions on the import and export of currency. When you reverse the exchange of Peruvian salt into rubles, dollars or euros, you must provide a receipt for the initial exchange of this currency.