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Currency Unit
The Currency Unit in Goa as in the rest of
India is the 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. 20, Rs. 10, Rs. 5, Rs. 2, Re.
1. Coins issued are of Rs. 5, Rs. 2, Re. 1, 50 paise, 25
paise, 10 paise denominations.
However you will rarely find the following
in circulation: Notes of Rs. 2, Re. 1 and coins of 20 paise,
10 paise, 5 paise. Notes of Rs. 500 and Rs. 100 are quite
similar in appearance and hence easy to confuse, so always
take care while accepting or handing out notes of these
denominations.
Money Exchange
It is not permitted to take Indian
currency out of India nor purchase the Rupee overseas. If
you are arriving from a foreign country, you should change
some of your currency into Rupees at the airport or at the
nearest branch of State Bank of India where you are offered
the best rates of exchange.
Money Exchange services are also available
at most major hotels & resorts and private money changers in
the area. Most reputed banks such as HDFC, ICICI etc also
have ATMs that accept Master and Visa Card ti withdraw cash.
Travellers cheques of all major brands are
easily changed. The currencies that are most widely and
easily accepted are the US dollar and British Pound
Sterling.
If you want to check the latest exchange
rate for your currency in Indian Rupees use the calculator
given below:
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