Because so much is imported, you'll have to dig deep into your pocket for food, accommodation and transport in the Faroes, and you will have to put in some effort to have a real budget trip. If you are prepared to sleep in youth hostels (bring a sleeping bag) or a tent, travel on bus passes or hitchhike, and self-cater or eat at snack bars, you could probably scrape by on US$30 a day. If you bring your own caravan or campervan, you can enjoy a little more comfort and still keep within a reasonable budget. Most accommodation is mid-range quality so don't expect any five-star spectaculars. It's worth noting that on Sundays most shops close and almost nothing is open between mid-morning and mid-afternoon, this is known as 'church time'.

You can change money at major Faroese banks during normal business hours, or withdraw money at their ATMs. Normally banks charge a small commission for exchange services. Major credit cards are widely accepted, tipping is not required and bargaining is liable to cause blank disbelief.

Travellers can get a partial refund of the 25% VAT paid on goods as they leave the country. If you spend more than US$48 in any one shop that displays the 'Tax-free for Tourists' sign, you'll be given a refund cheque for about 15% of the value of the goods. You'll have to show what you've bought to Customs, and can receive your refund at the airport.

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