Local Currency in Peru

Dollars? Rupees? Yuan? Baht? Riyals? Euros? Pounds?
What is your local currency called and what is it worth?

The currency in Peru is the Sol or officially, the Peruvian Nuevo Sol. For an up to date exchange rate, go to XE.com.  Below you will see photos of both coins and paper bills for Peru. US Dollars are accepted in some parts of Peru, specifically larger cities and tourist areas.

Accessing your money abroad

atmWe recommend using your banking card (ATM/debit) from your U.S. bank. Using ATM cards enables you to access your own personal bank account from any ATM machine around the world. The primary advantages of getting money from an ATM are 24-hour access and preferential exchange rates.

Important Information Regarding the Use of Debit and Credit Cards while Abroad: Check with your bank to make sure you can use your card overseas, and to inform them that you will be living abroad. Give them your dates, and all the countries you anticipate traveling to. It is not uncommon to be cut off from your bank account after using your card abroad, even after giving them forewarning. If this happens, don’t panic! Banks do this to protect their clients, and we should be grateful! If this happens to you, you just need to contact your bank to ensure them that you are in possession of your card and that you need to have access to your account while you are abroad. If you have a shared account with a family member and their name is also on the account, sometimes it’s helpful to get word to them to call the bank for you, considering the time difference between countries.

In order to withdraw cash from an ATM using a debit or credit card, you must have a 4-digit pin. While you’re most likely very familiar with your debit PIN, you might not know a PIN for your credit card. Be sure to ask before you travel, banks will not release this information over the phone, via text, through an email or in any other way than to mail your PIN to the mailing address associated with your account.

In addition to using ATMs, in Peru it is possible to exchange US Dollars or other currency for Peruvian Soles. This method is usually only available in airports, banks, and other tourist locations. It is also usually not as good an exchange rate as you would get from withdrawing money from an ATM.

Screen Shot 2014-12-17 at 4.32.54 PM  Peruvian Money