Currency/money issues

Travel Forums Central/South America & The Caribbean Currency/money issues

1. Posted by jerome (Budding Member 3 posts) 13y Star this if you like it!

very soon I am going to be travelling to Peru, Chile, Brazil and Argentina and was wondering about money advice. I take it will need the 4 different currencys? What about the use of Dollars? Travellers cheques a good idea?
Any thought would be much appreciated!

2. Posted by Kingwindle (Respected Member 302 posts) 13y Star this if you like it!

Mate im out there now. Make sure you have your debit card for starters. There are banks everywhere that you can take money out from, and it even asks if you want it in English, sweet!
Travellers cheques are a real prob to change, i mean its an effort while they fill out all this paperwok it does your head in. The only thing is that if you loose your card and you are stuffed they are great cos at least you know you can live till you get another.

If you do take a debit card try getting a Nationwide Flex Account. It is the only bank that doesnt charge you commission for taking money out, its easy to open an account with them.
The thing about this card is that it is a Visa, but its still a debit card and not a credit card. I have one of these, my mate has his student Natwest card, switch. He has had probs trying to pay for stuff like excursions on it, sometimes the shop attendant asks for a pin, other times it doesnt work. Mine has been fine.

For border crossings i think it is wise to have some American dollars, because when you cross the border, in the office where they stamp your passport they have a Cambio (money exchange), and its wise to have a bit of the currency of the country you are going into so you can buy a meal if you want one, pay for a nights accommodation etc.. without having to find a bank.

You cannot buy many of the currencies from England anyway cos they dont have money out of the country like that.

Have a cool trip mate, if you need any help then ask cos i have just toured the whole of Argentina, into Bolivia tomorrow, and Peru within the next month.


3. Posted by thowra (Full Member 74 posts) 13y Star this if you like it!

I took travellers cheques and a debit card with me. You can use both, but in the end I found that the debit card was by far the easiest. It is a good idea to have travellers cheques though in case the card gets lost / stolen. Also US dollars are good thing to have as they are sometimes needed to pay for airport taxes etc at borders. In these cases they often require payment in US Dollars.

4. Posted by jerome (Budding Member 3 posts) 13y Star this if you like it!

cheers guys, think I'm sorted. Although I'm trying to get an American Express Card, might not arrive before I leave for Lima (friday morning). Ah well, luckily I already have a Nationwide Flex Account.

5. Posted by donlee23 (Full Member 34 posts) 13y Star this if you like it!

Travel Checks almost outmoded and bulky. Debit Card, ATMs abound in the cities Visa Logo best in Latin Am. AMEX also has new debit card that act as electronic Travel get a refund if lost or stolen.

6. Posted by donlee23 (Full Member 34 posts) 13y Star this if you like it!

Euros now widely changed and accepted in the large cities, use USD for Border Crossings, Exit tAxes, Emergencies, etc.