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MONEY :::
Currency:
Chilean currency is the peso. Notes are of
1.000, 2.000, 5.000, 10.000 and 20.000 pesos.
Coins
are of 1, 5, 10, 50, 100 and 500 pesos.Currently
the exchange rate for US$ 1.00 is approximately
$600 Chilean pesos.
Use of Foreign Currency: Cash
in foreign currency is not generally accepted,
except at some hotels which offer discounts
on taxes for foreigners paying in cash with
American dollars.
Currency Exchange: The foreign
currency market in Chile is not regulated by
the government. This enables one to buy and
sell money in any "Casa de Cambio".
These money exchange businesses are very common
in the downtown area in Santiago, near Universidad
de Chile and La Moneda subway stops, in Providencia
and in other commercial malls.
Credit Cards: Credit cards
are widely accepted. Those most frequently
accepted include Visa, MasterCard and Diners
Club. In larger businesses, American Express
is also welcomed.
Automatic Teller Machines:
In banking and commercial areas and at many
gas stations, it is easy to find automatic teller
machines (Redbanc), which dispense pesos. These
24-hour cash machines accept local bank cards
as well as banking cards in financial networks
such as Cirrus, Plus, and Maestro.
Taxes and tipping: Value-added
tax (VAT) is 19% and is normally included in
the price. Tipping is usual for all services
except for taxi drivers.
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