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Greenland,
Money
Currency: Danish Krone (DKr) = 100 øre. Notes are in denominations of DKr1000, 500, 200, 100 and 50. Coins are in denominations of DKr20, 10, 5, 2 and 1, and 50 and 25 øre.
Note: There is no banking service in Søndre Strømfjord at present.
Currency exchange: Cheques drawn on Danish banks or on Eurocheque cards can be cashed at banks and cash can also be exchanged. There are two banks in Greenland; Grønlandsbanken (PO Box 1033, DK-3900 Nuuk) and Nuna Bank (PO Box 1031, DK-3900 Nuuk). Nuna Bank has branches in Nuuk, Sisimiut, Oaqortoq, Ilulissat and Maniitsoq. KNI represents the banks in other towns and villages.
Credit & debit cards: Diners, Eurocard and Visa are accepted in most restaurants, shops and hotels. Check with your credit or debit card company for details of merchant acceptability and other services which may be available. Most larger towns now have ATMs.
Travellers cheques: Cheques in major currencies may be exchanged as indicated in the currency exchange section above. To avoid additional exchange rate charges, travellers are advised to take travellers cheques in Pounds Sterling or US Dollars.
Currency restrictions: The import of local currency is unlimited; export of more than DKr50,000 is allowed provided it can be proved this amount was imported or obtained by changing imported foreign currencies. The import and export of foreign currencies is unlimited. All amounts (either for import or export) greater than &Euro;15,000 must be declared to Danish Customs Authorities.
Exchange rate indicators: The following figures are included as a guide to the movements of the Danish Krone against Sterling and the US Dollar:
| Date | May '04 | Aug '04 | Nov '04 | Feb '05 | | £1.00= | 11.16 | 11.09 | 10.60 | 10.85 | | $1.00= | 6.25 | 6.02 | 5.60 | 5.74 |
Banking hours: Mon-Wed and Fri 1000-1600, Thurs 1000-1800.
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