The money in Peru - Travel Directory

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The money in Peru



The legal currency in Peru is the Nuevo Sol (PEN). It is the monetary unit since 1863, it was replaced by the INTI; however, the currency returned as the Peruvian Nuevo Sol. At the beginning the coins were silver, which ceased to be minted in 1922. There are still collectors looking for the Peruvian tenths of pounds of silver.




The new sun is divided into 100 cents; There are also coins of 0.05, 0.10, 0.20 and 0.5 PEN, it is copper and silver. There are also 1, 2 and 5 PEN coins; the last two have combined colors. As for the tickets, there are 10, 20, 50, 100, 200, 500 PEN (the latter are rarely used). Since 1922 the Central Reserve Bank produces the tickets.


ATMs




When you arrive in Peru, you will find many ATMs, they are associated with the international systems Plus (Visa), Cirrus (Master Card), American Express and other networks. Most accept the main bank cards of the main international networks.




There are ATMs inside and outside the banks, it is advisable to use the ATMs that are inside. It is also better not to get money at dusk unless accompanied. On the other hand, never let someone who has no card to enter.




If you travel outside Lima, you will find several ATMs in the most important cities; such as Callao, Cusco, Arequipa, Chiclayo, Trujillo, Cajamarca, Puno, Ica, Piura, Iquitos, and others. There are museums, faucets, malls, pharmacies, and hospitals that have this service.


Cash exchange




Many places accept US dollars; however, it is necessary to have new soles for local transport, food and to buy in all Peruvian regions. In addition to changing money, it is preferable to request small bills, less than 100 soles. Also try to carry coins, especially if you travel to communities far from the capital.




It is preferable not to accept crumpled or worn bills since they would not accept it in most businesses. Also do not change money on the street, since many counterfeiters take advantage of vulnerable people.




To recognize the bills, they must contain watermarks, embossed and a metal strip that crosses the ticket with the inscription Peru, with clear and small letters. It also presents pieces of colored thread and holographs embedded in the paper, but not glued.


Foreign Currency Exchange




If you want to change tickets (be they euros or dollars) they must be in perfect condition. It is preferable to change in the bank, otherwise, the official money changers wear a vest and a credential that identifies them. Never change dollars with strangers on the street or taxi drivers who offer their exchange service.


Credit card




Most hotels and accredited businesses accept credit cards, which charge a 7% commission. The most used are Visa and Master Card, some places accept American Express. It is advisable to notify the bank of your country, if you plan to use the card, to avoid inconvenience.


Tax and tips in Peru




The most expensive hotels and restaurants charge 19% on the sale, plus 10% for service. In restaurants or similar businesses that do not charge for the service, it is recommended to leave 10% of the total (if the service was good). On the other hand, tips are not usually given in Peru. Otherwise, you usually tip the taxis that support you with your luggage, the people who take care of your car in the parking lot. If you were on an excursion, you can tip the tour guide.

The money in Peru The money in Peru Reviewed by Travel Directory on November 03, 2019 Rating: 5

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