Money

Currency : The US Dollar is the official currency. For local transactions, the Indonesian Rupiah may be accepted in border areas, but this should not be relied on.

Currency exchange : Travellers should take plenty of hard currency in cash. Both the Australian ANZ bank and the Portuguese Banco Nacional Ultramarino have branches in Dili. Cirrus/Maestro credit cards can be used to withdraw US Dollars from an ATM.

Credit & debit cards : These can only currently be used in the very few expensive hotels in East Timor. Check with your credit or debit card company for further details of merchant acceptability and other services which may be available.

Travellers cheques : Travellers cheques are not widely exchangeable. Only some top-of-the-range hotels may be able to exchange them.

Exchange rate indicators :
The following figures are included as a guide to the movements of the US Dollar against Sterling :

Date

May 03

Aug '03

Nov '03

Feb 04

1.00=

1.64

1.59

1.69

1.82

Currency restrictions : Import is allowed, although amounts of US$5000 and above must be declared.
Banking hours :
Information not currently available.

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Information provided by East Timor Tourism Board.

 

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