Africa Safaris Destinations |WildLife Gorilla Tours |East West & South African Travel Guide |Holiday Vacations: Mozambique Currency | Foreign Exchange Bureau Rates in Mozambique | Banks | Credit Cards

Mozambique Currency | Foreign Exchange Bureau Rates in Mozambique | Banks |
Credit Cards
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adminafrica on 31 March, 2008 11:43:00
 
Mozambique currency is the Meticais (M) which is divided into 100 centavos. If
you are traveling in the southern parts of the country, South African rands, US
dollars and pounds sterling are also accepted and can be used to pay for
accommodation. North of Beira US dollars and sterling are widely accepted.
Exchange Rate
The exchange rate is very favorable. Generally you will find that fine cuisine,
wine and entertainment cost a fraction of the tariff charged by equivalent
establishments elsewhere in the world. Private exchange bureaus in Maputo
usually offer better exchange rates than banks. Changing money on the black
market is strongly discouraged.
Banks
Local banks have branches in most cities which are open from Monday to Friday
from 07:45 to 11:00 or 12:00. The main banks include Banco Commercial de
Mozambique (BCM) and Banco Popular de Desenvolvimento (BPD), which both have
branches throughout the country, as well as Banco Standard Totta.
Credit Cards
Credit cards are usually accepted at more up market hotels, but apart from this
your credit card will be of little use.
Tipping  Tipping is not usually expected - or even accepted - though in tourist
areas locals are becoming used to this and a tip of 5-15% is often appreciated.
Bargaining for local handicrafts is commonplace.