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| Country Guide > South America > Chile |
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Money Currency Chilean Peso (peso) = 100 centavos. Notes are in denominations of peso20,000, 10,000, 5000, 2000 and 1000. Coins are in denominations of peso500, 100, 50, 10, 5 and 1. Currency exchange Foreign exchange transactions can be conducted through commercial banks, casas de cambio, or authorised shops, restaurants, hotels and clubs. Visitors should not be tempted by the premiums of 10 to 15 per cent over the official rate offered by black marketeers. Casas de cambio are open daily 0900-1900. Credit & debit cards American Express, Diners Club, MasterCard and Visa are accepted. Check with your credit or debit card company for details of merchant acceptability and other services which may be available. Travellers cheques Must be changed before 1200 except in casas de cambio (which in any case tend to offer better rates than banks). There may be some difficulty exchanging travellers cheques outside major towns. To avoid additional exchange rate charges, travellers are advised to take travellers cheques in US Dollars. Exchange rate indicators The following figures are included as a guide to the movements of the Chilean Peso against Sterling and the US Dollar:
Currency restrictions There are no restrictions on the import and export of either local or foreign currency. Banking hours Mon-Fri 0900-1400. |