Peru Guide: Money

Our money guide provides information on bank accounts, money exchange, credit and debit cards and money transfers. If you need to open a bank account, we will explain how to do it - step by step.

• 

  Currency in Peru

  The Nuevo Sol

  The currency in Peru is the Nuevo Sol (plural Nuevos Soles), it’s commonly known just as Sol (Soles). This replaced Peru’s previous currency known as the inti in 1991.

  more
• 

  Using bank cards

  Cash withdrawals and credit cards in Peru

  Debit and credit cards are widely accepted in Peru and you shouldn’t have any problems in major hotels, restaurants and shops.

  more
• 

  Peruvian bank accounts

  Steps for expats on how to open a bank account

  Opening a bank account in Peru can be a long, drawn-out process. Be aware that Peruvian banks charge an ITF tax of about 0.01 percent on every withdrawal or deposit transaction. To open most bank accounts an expat will need a citizen card.

  more
• 

  Money transfers

  Transferring money to and from Peru

  Transferring money to and from Peru can be an expensive task, however it is a fast way of getting your money from abroad.

  more
• 

  Taxes in Peru

  What expats should know about income and other taxes

  All residents of Peru have to pay income tax on any money earned worldwide, however non-residents are only taxed on income earned in Peru. According to Peruvian legislation, a tax-resident is seen as a Peruvian or expat that has lived in Peru for 183 days in a 12 month period, note that the days don't have to be consecutive.

  more