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Venezuela's currency is the Bolivar (VEB), which is divided into 100 centimos. US dollars are the most favoured foreign currency so it is best to have cash and travellers cheques in US$. Foreign currency and checks can be changed at bureau de change offices (Italcambios is at present the only one authorised by the government) found in most larger cities and tourist destinations. Some banks (e.g. Banco Mercantil) will now buy US dollars for bolivares or sell bolivares against a foreign credit card; some major hotels will also swap US dollars for bolivares. Banks are usually open Monday to Friday. It is best to obtain local currency where possible before travelling. There are ATMs in the cities (however some travellers have experienced problems using them), and most credit cards, including MasterCard/Eurocard, American Express and Visa, are accepted in major cities. Visitors are also warned that there is a serious problem with credit card fraud.
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