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Money & duty free for Venezuela
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Exchange rates:
Bolívar Fuerte€1 = Bs.F.5.48
£1 = Bs.F.6.85
US$1 = Bs.F.4.3
Currency information:
Bolívar Fuerte (VEF; symbol Bs.F.) = 100 céntimos. Notes are in denominations of Bs.F.100, 50, 20, 10, 5 and 2; coin denominations are Bs.F.1, and 50, 25, 12.5, 10, 5 and 1 céntimos.
Credit cards:
MasterCard, Visa and American Express are accepted in the main cities and tourist centres. Most major banks have ATMs.
ATM:
Most major banks have ATMs.
Travellers cheques:
Widely accepted, although one may be asked to produce a receipt of purchase. American Express is the standard; other types of traveller's cheques may not be accepted. A commission of 3% or more is charged. To avoid additional exchange rate charges, take traveller's cheques in US Dollars.
Banking hours:
Mon-Fri 0830-1530.
Currency restriction:
Strict controls are in place on the exchange of local and foreign currency in Venezuela.
Currency exchange:
Banks and casas de cambio (exchange offices) will exchange cash; some, such as Italcambio, convert traveller's cheques as well. Higher-end hotels can also change money, though often at a less favourable rate. Travellers are advised to bring currency in US Dollars.
Venezuela duty free
The following items may be imported into Venezuela without incurring customs duty:
• 200 cigarettes and 25 cigars.
• 2L of alcoholic beverages.
• Four small bottles of perfume.
• Gifts up to a value of US$1000.
Banned imports:
Flowers, fruit, meat products, live plants.
