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Money
Currency: Canadian Dollar (C$) = 100 cents. Notes are in denominations of C$1000, 100, 50, 20, 10 and 5. Coins are in denominations of C$2 and 1, and 25, 10, 5 and 1 cents.
Credit & debit cards: Most international credit and debit cards are accepted.
Travellers cheques: To avoid additional exchange rate charges, travellers are advised to take travellers cheques in Canadian Dollars; these are widely negotiable.
Currency restrictions: There are no restrictions on the import or export of either local or foreign currency. The export of silver coins over C$5 is prohibited.
Exchange rate indicators
The following figures are included as a guide to the movements of the Canadian Dollar against Sterling and the US Dollar:
| Date | May ’02 | Aug ’02 | Nov ’02 | Feb ’03 | | £1.00 = | 2.23 | 2.37 | 2.50 | 2.40 | | $1.00 = | 1.53 | 1.56 | 1.58 | 1.50 |
Banking hours: Mon-Wed and Fri 1000-1500, Thurs 0800-2100 (most banks). Business accounts can only be set up on presentation of a letter of credit from a home bank. Some banks in major centres have extended hours; visitors should check locally.
Copyright © 2003 Columbus Publishing Ltd.
Terms and Conditions apply.
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