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Money
Currency: US Dollar (US$) = 100 cents. Notes are in denominations of US$100, 50, 20, 10, 5, 2 and 1. Coins are in denominations of US$1 and 50, 25, 10, 5 and 1 cents. The US Dollar replaced the Sucre as the official currency of Ecuador in April 2000.
Currency exchange: Foreign currencies can be exchanged at banks and at exchange houses (casas de cambio), the latter being generally the best option. It may be difficult to exchange money in the Oriente. The rate of commission varies between one per cent and four per cent, so it is worth shopping around. ATMs are available in large urban areas.
Credit & debit cards: MasterCard, American Express, Visa and Diners Club are accepted. Check with your credit or debit card company for details of merchant acceptability and other services which may be available.
Travellers cheques: 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 US Dollar against Sterling:
| Date | May ’02 | Aug ’02 | Nov ’02 | Feb ’03 | | £1.00= | 1.46 | 1.52 | 1.58 | 1.59 |
Banking hours: Mon-Fri 0900-1330; some banks are also open Sat 0930-1400. Casos de cambio are open Mon-Fri 0900-1800, Sat 0900-1200.
Copyright © 2003 Columbus Publishing Ltd.
Terms and Conditions apply.
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