Currency

The new currency since 1991 is the NUEVO SOL, this replaced the devalued and former "Inti". The sign used for Soles is S/. and the least unit is a 1 cent (un céntimo) coin, and a Sol is composed of a hundred cents. Also there are coins of 1, 5, 10, 20 and 50 cents and 1, 2 and 5 Soles. Notes are of 10, 20, 50, 100 and 200 Soles.

Costs

Costs in Peru are far less than any other non-south american country, a bit higher than Ecuador and Bolivia, but less than Brazil and Argentina. The cost for a budget traveller is around US$20-25 per day in a basic basis. Prices are cheaper in the provinces and smaller towns, Lima and Cusco being the most expensive cities. Your daily will cost vary because of this as our trips cover great distances between each destination in Peru. Lack of change in small stores, stalls and taxis is common and it is advisable to keep some small change and smaller notes available. Exchanging Money The US dollar is the most popular currency after the Sole.

Exchange

Exchangecan be made at banks, exchange offices (Casas de Cambio) or with street changers. All have similar rates, but usually you will find the best rates on the street, near the banks or in commercial areas. When dealing with streetchangers, be aware of changer´s identification, calculator and the quality of notes. Other currencies such as the Euro can be exchanged but only in major cities. Please be aware that damaged and torn notes in all currencies are likely to be rejected no matter how minor the damage. Try to avoid accepting such notes when you receive your change in shops and restaurants. All the latest exchange rates can be found at www.xe.com