Currency in Margarita?

Question

we are going on holiday to margarita in a few weeks time, went to get some of their money and was told by travel agent that you have to wait til you get there to exchange. Has anyone out there been? Will they take US dollars, are we better off using local money, let me know what you experienced if you went.

Answer 1

The currency of Margarita is the Venezuelan Bolivar Fuerte. (as of January 2008) They dropped 3 zeros on their money. Dollars, euros, sterling or other currencies are no longer accepted in stores, hotels, or casinos, so you will need to convert on arrival. The current official exchange rate in Venezuela is 2.15 Bolivars Fuerte (Bs.F)to one US dollar.

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Answer 2

We used more the Bs

sorry my english sucks!

Answer 3

Margarita the Venezuelan Island you mean ?

Then it`s the Venezuelan Bolivar (more accurately the Bolivar Fuerte).

US Dollars are sought by most Latin and South American countries LOL

Answer 4

I've been to Margarita 3 times. Since it's an island of Venezuela they use the Bolivar more commonly called B's. l know they dropped some of their zero's so it should be much easier to check now.

My advise based on what l did, is to carry U.S, and change it in the Cambio. Your hotel will tell you where the closest ones are.The all-inclusives are great, but the food takes some getting used to, the hotels have nightly entertainment and interactive fun and games, they bring dance groups and have karaoke nights, bar-b-q etc.

What l did was change $100.ooUS which was like 250,000,000B's (it may sound much but trust me it isn't, basically you can't get anything under 200B's, which may be a bus ride or a soft drink). l used up as much as possible till l needed more, that way l didn't end up with more B's at the end of the trip because it is worth absolutely nothing outside Margarita/Venezuela.While we were there (last time 2006) we were advised not to change our money all at once. What happened was every day the rates went up, so for the few days we were there it increased daily. All in all Margarita was a great experience, that's why l've gone 3 times. Enjoy! Please don't let men in the street tell you they can give you more money than the Cambio is giving, they can sniff foreigners from a mile and they try to lure you into alleys to "get a steal of a deal" on your money....literally!!