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Money Exchange The sucre has been phased out. The country has changed its currency to the US $ but Ecuador is still in financial peril and there is much uncertainty with banking policy. We do not recommend that you depend on your credit card at this time in Ecuador, except in the big cities. Many smaller banks have suspended working with them, and if you encounter a business that will accept them, you could pay well up to 14% to use it. The majority of the ATM machines are unreliable and inconsistent, especially outside of Quito. It is best to bring traveller's checks and cash. (Always keep a copy of your traveler's check numbers in a different place than the checks.) There are a number of money change houses and banks in the larger cities that will change traveler's checks. However, there are few smaller denominations available at this moment, and almost no one will admit that they have change. Even the banks may not give you change. Bring small denomination US. dollar bills (ones, fives, tens and twenties). In smaller towns, dollar bills are the easiest to change. The locals will gladly accept dollars but will not always be able to give you change in dollars. Also it's convenient for handing out dollar bills for tips and when making small purchases. With dollar bills, you have the upper hand in bargaining for a good price, as well. Do not bring old or torn US bills. The Ecuadorian banks will not accept any torn, ripped in even the smallest way, or old bills; consequently, the people will not accept them either. Most upscale businesses will accept traveller's checks, however, smaller businesses and Indians in handicraft markets will not. Expect to pay a 2-3% commission to change travelers checks. Western Union has offices in Ecuador and can assist for international transfers. They are a bit more expensive than a bank but more reliable and quicker. |
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Welcome to the Ali Shungu MOUNTAINTOP LODGE, Otavalo, Ecuador |
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Ali Shungu MOUNTAINTOP LODGE E-MAIL MSN MESSENGER Ali Shungu PHONE: 01159362920750 |