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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.
Currency exchange: Hotels do not, as a rule, exchange currency and only a few major banks will exchange foreign currency, so it is advisable to arrive with US Dollars.
Credit & debit cards: Most major credit cards are accepted throughout the USA, including Diners Club, American Express, MasterCard and Visa. Check with your credit or debit card company for details of merchant acceptability and other services which may be available. Visitors are advised to carry at least one major credit card, as it is common to request prepayment for hotel rooms and car hire when payment is not by credit card.
Travellers cheques: Widely accepted in hotels, stores and restaurants, provided they are US Dollar cheques; Sterling travellers cheques are not acceptable. It should be noted that many banks do not have the facility to encash travellers cheques (the US banking system differs greatly from that of the UK) and those that do are likely to charge a high commission. One or (in some cases) two items of identification (passport, credit card, driving licence) may also be required. To avoid additional exchange rate charges, travellers are advised to take travellers cheques in US Dollars.
Currency restrictions: There are no limits on the import or export of either foreign or local currency. However, amounts in excess of US$10,000 or the equivalent (including ‘bearer bonds’) must be registered with US Customs on Form 4790. All gold coins and any quantity of gold must be declared before export.
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: Variable, but generally Mon-Fri 0900-1500.
Copyright © 2003 Columbus Publishing Ltd.
Terms and Conditions apply.
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