Money
Currency restrictions
There are no restrictions on the import or export of either local or foreign currency.
Currency
Australian Dollar (A$) = 100 cents. Notes are in denominations of A$100, 50, 20, 10 and 5. Coins are in denominations of A$2 and 1, and 50, 20, 10 and 5 cents.
Currency exchange
Currency may be exchanged at the Bank of Kiribati Ltd or local hotels. There are ATMs at branches of the Bank of Kiribati/ANZ in Betio, Bairiki and Bikenibeu (all on Tarawa atoll).
Credit & debit cards
MasterCard and Visa have very limited acceptance. Check with your credit or debit card company for details of services which may be available.
Travellers cheques
Accepted in hotels, some shops and at the Bank of Kiribati Ltd. To avoid additional exchange rate charges, travellers are advised to take travellers cheques in Australian Dollars.
Exchange rate indicators
The following figures are included as a guide to the movements of the Australian Dollar against Sterling and the US Dollar:
| Date | May '04 | Aug '04 | Nov '04 | Feb '05 | | 1.00= | 2.53 | 2.57 | 2.40 | 2.40 | | $1.00= | 1.42 | 1.39 | 1.26 | 1.27 |
Banking hours
Mon-Fri 0930-1500. The Bikenibeu branch is open 0900-1400.
|