Money | Polar Unbound

Money

CURRENCIES IN ARCTIC & GATEWAY COUNTRIES 

CANADA: The Canadian dollar is Canada’s official currency, and the U.S. dollar is accepted in many major Canadian cities. You may hear of the Canadian dollar as a loonie—a one dollar coin—while a toonie is a two dollar coin. 

  • Exchanging Money: Many stores will exchange U.S. dollars for Canadian dollars, but banks offer better exchange rates. 
  • Credit Cards and ATMs: Credit cards are widely accepted throughout Canada. If you wish to use a debit card, it’s easiest to use one issued by a Canadian bank, as only these will be widely accepted by stores and ATMs. 

ICELAND: The króna is Iceland’s official currency, and all major currencies can be exchanged at banks and airports upon arrival. Visa and Mastercard are widely accepted throughout Iceland as well. 

FINLAND: The Euro is Finland’s official currency. Keep in mind that banks are only open on weekdays, though ATMs can be found in most locations. Major credit cards are also widely accepted. 

NORWAY/SPITSBERGEN: The Kroner is Norway’s official currency, though the country largely depends on credit and debit cards. Visa and Mastercard are the most commonly accepted credit cards, though some supermarkets may only accept debit cards. If you hope to exchange currency, look for the Norwegian bank Forex. 

SWEDEN: The Swedish Kronor is Sweden’s official currency. Credit cards are widely accepted, and if you hope to stock up on Swedish Kronors you can stop by an exchange office or an ATM to withdraw local currency. 

RUSSIA: The Ruble is Russia’s official currency, and neither the Euro or the U.S. dollar are accepted as legal tender in Russia. Local currency is used much more frequently than credit cards, and while you’ll find places to exchange money throughout Russia, the larger cities have the better rates. ATMs are also common in larger cities.