May 16, 2006 (Press Release) --
Money Advice
Greenland is not the cheapest travel destination in the world but if you're
prepared to stay at youth hostels or camping grounds and self-cater you could just
about get away with surviving on US$40-50 a day. Upgrading to something with solid
walls and private facilities and eating food that doesn't come from a can will see
you shelling out nearly US$100 a day. If you're looking at full-on Inuit
hospitality and luxury complete with mini-bars, TVs and European cuisine expect to
drop over US$350 a day.
Two banks operate throughout the country; Nuna bank and GrØnlandsbanken, which
readily exchange travellers cheques for a commission of around US$5 and offer cash
advances on Visa and Mastercard. Major credit cards are accepted in tourist
resorts and restaurants and hotels. Larger towns now have ATMs that recognise all
major foreign plastic.
A service charge is normally included in the bill. Additional tipping is rare.
Economy Facts
GDP: US$945 million
GDP per head: US$16,100
Annual growth: 0.6%
Inflation: 1.2%
Major industries: fish processing (mainly shrimp), handicrafts, furs, small
shipyards, tourism
Major trading partners: EU (esp. Denmark), Iceland, Japan, Norway, USA
Member of EU: no
Currency
Danish krone (Dkr)
Relative Costs
Meals
Budget: US$4-6
Mid-range: US$6-10
Top-end: US$10 and upwards
Lodging
Budget: US$20-35
Mid-range: US$35-125
Top-end hotel: US$125-230
Source: http://www.yahoo.com
Greenland is not the cheapest travel destination in the world but if you're
prepared to stay at youth hostels or camping grounds and self-cater you could just
about get away with surviving on US$40-50 a day. Upgrading to something with solid
walls and private facilities and eating food that doesn't come from a can will see
you shelling out nearly US$100 a day. If you're looking at full-on Inuit
hospitality and luxury complete with mini-bars, TVs and European cuisine expect to
drop over US$350 a day.
Two banks operate throughout the country; Nuna bank and GrØnlandsbanken, which
readily exchange travellers cheques for a commission of around US$5 and offer cash
advances on Visa and Mastercard. Major credit cards are accepted in tourist
resorts and restaurants and hotels. Larger towns now have ATMs that recognise all
major foreign plastic.
A service charge is normally included in the bill. Additional tipping is rare.
Economy Facts
GDP: US$945 million
GDP per head: US$16,100
Annual growth: 0.6%
Inflation: 1.2%
Major industries: fish processing (mainly shrimp), handicrafts, furs, small
shipyards, tourism
Major trading partners: EU (esp. Denmark), Iceland, Japan, Norway, USA
Member of EU: no
Currency
Danish krone (Dkr)
Relative Costs
Meals
Budget: US$4-6
Mid-range: US$6-10
Top-end: US$10 and upwards
Lodging
Budget: US$20-35
Mid-range: US$35-125
Top-end hotel: US$125-230
Source: http://www.yahoo.com

Greenland is not the cheapest travel destination in the world but if you're
prepared to stay at youth hostels or camping grounds and self-cater you could just
about get away with surviving on
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