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The units of Indian currency are the Rupee and Paisa (100
Paisa equal 1 Rupee). Paper money is in denominations of
Rupees 1, 2, 5, 10, 20, 50, 100, 500 and 1000. Coins are in
denominations of Rupees 1, 2 and 5. There are no restrictions
on the amount of foreign currency or travelers’ checks that
can be brought by the tourists in North East India. However a
Declaration form need to be filled (only for the amount which
is more than USD 10,000) on the arrival at the Indian airport.
By filling up this form you can also get your money exchanged
back in the original currency without any problem. The Money
should be exchanged only through authorized money changers.
You may ask our guides and they will tell you the right center
or place to get the money exchanged. Please note that no
Indian currency can be imported or exported, except for
travelers checks. Travelers checks can be changed into rupees
at any bank in India. Be aware that it can take several hours
to cash travelers checks in small towns. Try to deal with
large banks in large cities. Don’t accept large denomination
notes, because they will be difficult to change, and don’t
accept damaged or torn notes, because merchants will refuse
them, especially in small towns. Keep a supply of small
change. Very often taxi drivers and vendors will say that they
don’t have change. |