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Europe >> Italy >> Currency of Italy

Currency of Italy

The currency used in Italy is the Euro. The Euro is divided into 100 cents. Currency bills are available in denominations of 5, 10, 20, 50, 100, 200 and 500 and in coins of EUR 1, 2, and 5, 10, 20 and 50 cents.

Keeping to a tight budget in inimitable Italy is tough. There’s much to do, see and buy: all of it unique and all of it with a cool price tag! Comfortable living, good eating and frequent trips to the shops would work out to more than $100, and if you are going to hire a car, twice that. If you are going to be splurging, this must be one of the best places to do so: go on stack up on the cash, line up the plastic and go ahead, enjoy yourself.

You can get your best deal of exchange rates at a bank. Travellers Cheques are also easy to encash. Always count your change. You can get short-changed if you are not used to the currency. Preferably carry smaller denomination change for purchases of odds and ends. Banks are open on weekdays from 0830 to 1545 hours with a lunch break from in the afternoon from 1330 to 1445 hours. Italy has a two-day weekend, Saturday and Sunday.

Credit cards are not a problem in shops and hotels but are often met with a frown at restaurants. Leave your tip in cash.


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