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best way to carry currency for 8 week trip in south america?

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HI guys,

Would appreciate any advice anyone can offer for the above!

Travelling from Australia around S America for 2 months.
It seems US dollars in cash would be a good idea, but I'm not keen to take too much cash. Thinking to take maybe $200 cash and for the rest use my credit card to pay or withdraw from ATMs with.

The other option is a cash passport. Has anyone used a cash passport in USD around S America? How widely is it accepted?

Thanks in advance for any replies!!

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