The Currency of Puerto Rico: Everything You Need to Know

As a U.S. territory, Puerto Rico uses the U.S. dollar as its official currency. This means that visitors from the mainland United States don’t need to worry about exchanging currency before their trip. However, there are a few nuances to be aware of when it comes to currency in Puerto Rico.

First and foremost, it’s important to note that Puerto Rico is not part of the United States’ banking system. This means that you may encounter some difficulties with credit or debit cards, especially if you’re traveling to more remote areas of the island. It’s always advisable to carry cash on hand, just in case.

Another important thing to know about currency in Puerto Rico is that sales tax (known as IVU) is added to all purchases. As of 2021, the IVU rate is 11.5%, which means that if you’re buying something for $100, your total cost will be $111.50. This can be a bit of a shock if you’re not used to factoring in sales tax, so it’s good to keep this in mind when budgeting for your trip.

If you do need to exchange currency while in Puerto Rico, you’ll find that most major hotels and resorts offer this service. However, be aware that the exchange rates may not be as favorable as what you’d find at a bank or currency exchange office. It’s always best to compare rates before making any transactions.

When it comes to tipping in Puerto Rico, it’s customary to leave 15-20% at restaurants and for other service providers like hairdressers or taxi drivers. Make sure to have enough cash on hand to cover these tips, as they are not typically added to the bill.

Overall, while currency in Puerto Rico is not too different from what you’d find on the mainland U.S., it’s always best to be prepared and informed before your trip. By carrying cash and understanding the sales tax and tipping customs, you can avoid any unexpected surprises and enjoy your time on this beautiful island.

Leave a Reply

Your email address will not be published. Required fields are marked *