Money
Currency: Chilean Peso (peso) = 100 centavos. Notes are in denominations of peso20,000, 10,000, 5000, 2000, 1000 and 500. Coins are in denominations of peso100, 50, 10, 5 and 1.
Currency exchange: Foreign exchange transactions can be conducted through commercial banks, cambios, or authorised shops, restaurants, hotels and clubs. Visitors should not be tempted by the premiums of ten to 15 per cent over the official rate offered by black marketeers. Cambios are open daily 0900-1900.
Credit & debit cards: Diners Club, Visa, American Express, Visa and MasterCard are accepted. Check with your credit or debit card company for details of merchant acceptability and other services which may be available.
Travellers cheques: Must be changed before 1200 except in cambios (which in any case tend to offer better rates than banks). There may be some difficulty exchanging travellers cheques outside major towns. To avoid additional exchange rate charges, travellers are advised to take travellers cheques in US Dollars.
Currency restrictions: There are no restrictions on the import and export of either local or foreign currency.
Exchange rate indicators
The following figures are included as a guide to the movements of the Chilean Peso against Sterling and the US Dollar:
| Date | May ’02 | Aug ’02 | Nov ’02 | Feb ’03 | | £1.00= | 956.21 | 1075.35 | 1122.16 | 1193.95 | | $1.00= | 656.15 | 707.05 | 709.60 | 749.85 |
Banking hours: Mon-Fri 0900-1400.
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