Cook Islands Money

Currency

New Zealand Dollar (NZD; symbol NZ$) = 100 cents, supplemented by notes and coins minted for local use which are not negotiable outside the Cook Islands. Notes are in denominations of NZ$100, 50, 20, 10 and 5. Coins are in denominations of NZ$2 and 1, and 50, 20, 10 and 5 cents.

Currency Exchange

Exchange facilities are available at the airport, banks and in some larger stores and hotels. EFTPOS and ATM machines are available at both ANZ and Westpac banks on Rarotonga and Aitutaki, and also major stores and restaurants. ANZ charges a much higher commission than Westpac. At the banks, traveller's cheques attract an exchange rate around 3% higher than cash.

Credit/Debit Cards and ATMs

American Express, Diners Club, MasterCard and Visa are all accepted.

Traveller's Cheques

Accepted in hotels and some shops; NZ$ recommended as some outer island banks won't change US$.

Currency Restrictions

Cash over NZ$10,000 must be declared upon arrival.

Banking Hours

Mon-Thurs 0900-1500, Fri 0900-1600. GlobalEX Western Union is the only bank open Sat. 0830-1200 and gives a better rate than the banks without commission.

Exchange Rate Indicators

1.00 GBP = 2.25 NZD
1.00 USD = 1.36 NZD
1.00 EUR = 2.04 NZD
Currency conversion rates as of 25 November 2009
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