The currency in Peru is called the New Sol (abbreviated as PEN or S/.), where S/.1 equals 100 céntimos. New Sol bank notes come in denominations of S/.200, 100, 50, 20 and 10. The coins are available in denominations of S/.5, 2 and 1, and 50, 20, 10, 5 and 1 céntimos.
Peruvian New Soles can be exchanged for US dollars and other major currencies in the banks of larger cities. Some of the major hotels and shops in Lima accept dollars, but we strongly recommend that you carry Soles. Exchanging money with street vendors should be avoided.
Credit/Debit Cards and ATMs
All major credit cards can be used in Peru, but there may be limited acceptance outside of Lima. Using ATMs to withdrawing funds in local currency directly from your home accounts is now widely considered a good way to obtain money in Peru.
Travelers cheques can be exchanged for local currency in banks, but outside of Lime the process can be a long one and in some cases may not be possible at all. Check ahead about whether travelers cheques will be accepted in the area you plan to visit. Cheques in US dollars are advised so as to avoid additional exchange rate charges.
In general, banks in Peru are open from Monday to Friday 9:00 AM to 6:00 PM, and Saturday from 9:00 AM to 1:00 PM. During the summer, hours may vary.