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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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