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Money
Currency: Australian Dollar (A$) = 100 cents. Notes are in denominations of A$100, 50, 20, 10 and 5. Coins are in denominations of A$2 and 1, and 50, 20, 10, 5, 2 and 1 cents.
Currency exchange: Currency may be exchanged at the Bank of Kiribati Ltd or local hotels.
Credit & debit cards: MasterCard and Visa have very limited acceptance. Check with your credit or debit card company for details of services which may be available.
Travellers cheques: Accepted in hotels, some shops and at the Bank of Kiribati Ltd. To avoid additional exchange rate charges, travellers are advised to take travellers cheques in Australian Dollars.
Currency restrictions: There are no restrictions on the import or export of either local or foreign currency.
Exchange rate indicators
The following figures are included as a guide to the movements of the Australian Dollar against Sterling and the US Dollar:
| Date | May ’02 | Aug ’02 | Nov ’02 | Feb ’03 | | £1.00= | 2.62 | 2.80 | 2.80 | 2.66 | | $1.00= | 1.80 | 1.84 | 1.77 | 1.67 |
Banking hours: Mon-Fri 0930-1500. The Bikenibeu branch is open 0900-1400.
Copyright © 2003 Columbus Publishing Ltd.
Terms and Conditions apply.
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