Money Exchange In Goa

Money Exchange In Goa

While planning for a trip to Goa it is essential that you know about the currency of the country. Knowledge of the exchange rates and the currency regulations are essential. With the open economy it has become very easy for travelers to use credit cards for shopping and changing traveller's cheque. Money exchange in Goa is easy and proper information is available regarding the exchange rates at all major banks.

Currency Regulations

Taking Indian currency out of India or purchasing the Rupee is not permitted. Since Goa has a flux of overseas tourists almost round the year all currencies can be exchanged. One will have no difficulty in changing either dollar or sterling traveller's cheques. There are many Exchange Bureaux in Panjim , Calangute and Baga. Cash can be withdrawn by credit cards at some banks in Calangute and Panjim. One can change some of their currency into Rupees at the airport or at the nearest branch of State Bank of India where one is offered the best rates of exchange.
Many hotels and resorts, shopping malls and showrooms accept Master and Visa cards Travellers cheques of all major brands are easily changed.

The Currency Unit in Goa is the standard Indian Rupee. Each rupee consists of 100 paise. Currency notes are issued in the denominations of Rs. 1000, Rs. 500, Rs.100, Rs.50, Rs.10. Coins available are Rs.5, Rs.2, Ree.1, 50 paise coin, 25 paise coin. Notes of Rs. 1000, Rs. 500 and Rs. 100 are quite similar. One should be extra cautious while accepting or handing out these notes.

Money exchange in Goa is an important aspect while touring Goa, India. Log on to Goa Hub to know about money exchange in Goa.


Source: http://www.goahub.com/goa/introduction/money-exchange-in-goa.html