Currency Rules and Regulations

Since currencies and conversions vary from country to country, when you are sending money to another country, it is important to know the rules and regulations recipient’s country.  Another option for for safety, security, and also for getting the best possible conversion rate is to carry a prepaid debit card such as the atmcash card.

Australia

Australia Dollar (AUD$) = 100 cents. Denominations: AUD$100, 50, 20, 10, 5
The Australian Dollar is used in Australian Antarctic Territory, Christmas Island, Cocos Islands, Heard and McDonald Islands, Kiribati, Nauru, Norfolk Island, Territory of Ashmore and Cartier Islands, Territory of Coral Sea Islands and Tuvalu.

Import/Export Restrictions: There is no fee for importing and exporting of currencies; however any amounts over AUD$10,000 must be reported to the Australian Transaction reports and Analysis centre (AUSTRAC).

Currency Exchange: There are currency exchange facilities at all major airports and most hotels. There may be a small charge for cashing in Travelers Checks.

Barbados

Barbados Dollar (BD$) = 100 cents. Denominations: BD$100, 50, 20, 10, 5, 2
The Barbados Dollar is similar to the US Dollar.

Import/Export Restrictions: Importing local currency is free, however, there is a limit of BD$500 for export. The import of foreign currency is also free, however, there is a USD$1000 or equivalent limit on import.

Currency Exchange: The most popular currency exchange facilities are available at banks. There are currency exchange facilities at major airports and hotels but the rates are usually not as good.

China

China Yuan Renminbi = 10 jiao = 100 fen. Denominations: CNY100, 50, 20, 10, 5, 1

Currency Import/Export Restrictions: The import and export of local currency is limited to 6,000 Yuan. The import of foreign currency is free; however, it is required that you declare any amounts over USD $5,000 or equivalent. The export of foreign currencies is limited to the amount declared as imported.

Currency Exchange: Travelers checks, preferably in US Dollars, and foreign cash, can be exchanged in cities at the Bank of China. You will need to show proof of identify in the form of a passport and you will be charged a commission. You can also use most western currencies in the larger hotels and also in stores that cater for tourists (called ‘friendship’ stores).

Dominican Republic

Dominican Pesos = 100 Centavo(s). Denominations: DOP2000, 1000, 500, 100, 50, 20, 10

Import/Export Restrictions:  The import and export of local currencies are limited to DOP20,000 in notes and DOP100 in coins. Any amount of foreign currencies over USD $10,000 must be declared as well if this amount is to be re-exported. Exporting foreign currencies are free up to USD $10,000 or equivalent. Larger amounts require approval from the Central Bank.

Currency Exchange:   The Dominican Peso is available to purchase outside of the Dominican Republic and it is not illegal to carry the local currency into the country. Dealers completed money exchanges must be approved by the central bank.

Egypt

Egypt Pound = 100 Piastre(s). Denominations:  Piastres5, 10, 25, 50 EGP1, 5, 10, 20, 50, 100

Import/Export Restrictions: The import and export of local currency is limited to EGP 5,000. The import and export of foreign currencies is free.

Currency Exchange: If you take Travelers checks it is advisable to take them in US Dollars to avoid additional costs. The private exchange bureaus, called ‘Forex’, are open daily and banks in major hotels are open 24 hours to exchange currency.