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Currency Unit: The Currency Unit in Goa as in the rest of India is the Indian Rupee. Each rupee consists of 100 paise. Currency notes are issued in the denominations of Rs. 1000, Rs. 500, Rs. 100, Rs. 50, Rs. 20, Rs. 10, Rs. 5, Rs. 2, Re. 1. Coins issued are of Rs. 5, Rs. 2, Re. 1 and 50 paise denominations.
However you will rarely find the following in circulation: Notes of Rs. 2, Re. 1 and coins of 20 paise, 10 paise, 5 paise. Notes of Rs. 500 and Rs. 100 are quite similar in appearance and hence easy to confuse, so always take care while accepting or handing out notes of these denominations.
Money Exchange: It is not permitted to take Indian currency out of India nor purchase the Rupee overseas. If you are arriving from a foreign country, you should change some of your currency into Rupees at the airport or at the nearest branch of State Bank of India where you are offered the best rates of exchange.
Money Exchange services are also available at most major hotels & resorts and private money changers in the area. Most reputed banks such as HDFC, ICICI etc also have ATMs that accept Master and Visa Card to withdraw cash.
Travellers cheques of all major brands are easily changed. The currencies that are most widely and easily accepted are the US dollar and British Pound Sterling.
If you want to check the latest exchange rate for your currency in Indian Rupees use the calculator given below:
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