TIPS FOR TRAVELLING TO...
by pedrini
TIPS FOR TRAVELLING TO ECUADORMONEY MATTERSFrom september 2000 the new currency system is the US Dollar, so you can find bills of 1, 5, 10, 20, 50, and 100 and coins of 1, 5, 10, 25 and 50 cents.There is no restriction to bring any quantity of foreign money or traveler checks. There are still some small communities which still accept the Sucre, the old currency but the US dollar is recognized and used everywhere in the country.Local Taxes with each purchase, you pay a tax of 12% IVA. Sometimes it's included in the price so you don't think that there is a tax. For hotels and restaurants services you pay another 10% service tax, kind of as an automatic tip.TIPPING:The tips are completely to your discretion, but in restaurants and hotels there is a 10% service tax so most people don't feel the need to tip but if you are pleased with the service, feel free to leave a tip. BANKS AND BUSINESS...