Travel money guide: Italy
Sep 16, · Those wondering what is the money in Italy should know that the official currency in Italy is Euro. It is a European Union country that's part of the Economic and Monetary Union. The banknotes of 5, 10, 20, 50, , , and Euros are in use, as well as the coins of 1, 2, 5, 10, 20, 50 cents and 1 and 2 ledidatingstory.comted Reading Time: 1 min. Like most of the rest of the European Union, Italy uses the Euro as its currency. You'll see the Euro represented by both the symbol - € - and the initials: EUR. What happened to the Lira?
It's Smart to Plan Now. Fill out the short trip survey to receive a personalized itinerary from a destination expert. Open for Travel. Don't know where to go? Check out the list of countries that are what will happen when israel attacks iran for travel. Are you planning to set off on your Italian adventure? All first-time comers should research the subject of Italian money before a trip, so let us help to sort everything out.
Those wondering what is the money in Italy should know that the official currency in Italy is Euro. The banknotes of 5, 10, 20, 50, and Euros are in use, as well as the coins of 1, 2, 5, 10, 20, 50 cents and 1 and 2 Euros. In case you're interested in what was Italy's currency before the Euro, the answer is the Italian lira, which was replaced in Just as on the Italian mainland, the same money is used on the islands, thus the Sicilian currency is also Euro.
If you'll need to exchange cash to Italy's currency, Euro, you can head to any official currency exchange office or a local bank.
Bear in mind though that you may be charged a bank fee for the operation. Now you know everything there is to know about the national currency of Italy and definitely won't have any problems with making a purchase during your Italy vacation. Seller of Travel Ref. Skip to main content. Destinations Tours Planner About. Plan a Journey of a Lifetime to Italy. Italy Tours. North Italy Tours. South Italy Tours. Explore the best of Southern Italy, including the Amalfi Coast. Tuscany Tours. Enjoy the Renaissance heritage and endless vineyards of Tuscany.
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Travel Better with Our Tours. My Firebird My itineraries Trip survey Contact us. English English, Australian. Currency in Italy. You are here Home. Italy Travel Guide. Money in Italy. Continue reading. Electricity Plugs in Italy. ATMs in Italy. Tipping in Italy. Contact Us. Last updated:. What Is the Currency of Italy? Sicily Currency Just as on the Italian mainland, the same money is used on the islands, thus the Sicilian currency is also Euro.
Where to Exchange Currency in Italy? Did you know? Euro is usually treated as an official currency of EU countries, but not all members of the union use it as their currency. Eight out of 27 countries, including Sweden, Denmark, Poland, and Croatia, preferred to keep their own national currency after joining the EU.
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History of the Lira
Feb 20, · Like all of the countries in the eurozone, Italy's currency is the euro. Bank notes are the same across the countries, but each has its own coins. Dec 12, · Currency Used in Italy Italy has become a member of the Eurozone. Like most countries in Europe, it switched to the Euro when many early members of the European Union started adopting it on 1 January Other types of currencies are not widely accepted in the country/5(13). The national currency of Italy is Euro, EUR. For a new search about a different currency, use the search dropdown to find the country and its currency. GMT Currency Converter.
Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content. The official currency of Italy is the euro, even though the country is still somewhat a cash based economy. Our pick for travel credit card. Our pick for multi-currency debit card. Wise Multi-currency. Credit cards and debit cards with travel features are just as suitable to take on a trip to Italy and Europe as a prepaid travel money card.
Use your card to pay for train tickets, souvenirs at gift shops, hotels, trattorias Italian eateries , restaurants and more. When you compare cards, look for a product that lets you forego the foreign ATM transaction fee. A combination of travel money is the best approach for spending in Italy.
Take more than one way to withdraw cash as there have been claims that Italian ATMs can be temperamental with foreign cards. Learn more about using a credit card in Italy. A credit card like the Barclaycard Arrival Plus World Elite Mastercard will let you make over the counter purchases without paying any foreign transactions fees.
Be aware when it comes to cash advances, as interest will apply immediately when you use your card at an ATM — this should be avoided unless absolutely necessary. Some travel friendly credit cards also offer perks such as complimentary international travel insurance and purchase protection guarantees. Best international debit cards.
A travel debit card that waives the fee for currency conversion, or the fee for international ATM withdrawals, with no annual fee is ideal. Research if who you bank with is part of the Global ATM Alliance to find out if you can make cash withdrawals for free. If not, you can access cash in Italy for roughly the same price you would at home.
Prepaid travel money cards. Preload a travel card with euros and avoid the fees that usually go hand in hand with international purchases. Compare these cards by their ATM fees, initial load and reload fees. Compare cash pickup services in Italy. Cash is king. Italy is a cash based society compared to other major economies in Europe. Predicting the movements of currency pairs is a difficult task, but you can lock in the exchange rate on a travel card if you believe euros will be more expensive to buy in the future.
You have the following options for purchasing euros in the US. Non-bank providers like travelex have locations in major airports where you can collect your euros before you depart the country. The best way to get cash in Italy is to make an ATM withdrawal when you arrive.
The summer season premiums late June, July and August will add to the cost of an Italian trip — off-season, prices drop dramatically. The cost of vacationing typically depends on where you are in the country. In smaller towns, especially in the South, Italy is surprisingly affordable. In the middle of the country, the north and especially in touristic places like Rome, Venice and Milan, it can be expensive.
Travel insurance can offer financial protection against such losses as:. Compare travel insurance for your next trip to Italy. Last verified 9 Mar Subscribe to our newsletter for special discounts and the latest news about Italy.
Last verified 6 Apr Last verified 10 Dec He can be found writing about everything from the latest car loan stats to tips on saving money when traveling overseas. He lives in Asbury Park, where he loves exploring new places and sipping on hoppy beer. Oh, and he doesn't discriminate against buffalo wings — grilled or fried are just fine. But which one is the best for you depends on how you spend.
Have your sights set on travel this year? We compared nearly cards to find the best deals and perks. Click here to cancel reply. Here at finder we are unable to make recommendations, we can offer general advise. You can use the table above to compare travel insurance quotes from a range of insurers.
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Tip: Make sure you tell your bank about your travel plans, as they may put a block on your account if they see a transaction in another country. Cons Can charge high withdrawal and cash advance fees Attracts an annual fee. Using a debit card A travel debit card that waives the fee for currency conversion, or the fee for international ATM withdrawals, with no annual fee is ideal.
A debit card with a CHIP will work at unmanned point of sale terminals such as petrol stations, ticket kiosks, toll booths and parking payment machines. Cons International ATM fees and currency conversion fees Foreign transaction fees No emergency funds available though a cash advance facility. Using a prepaid travel card Preload a travel card with euros and avoid the fees that usually go hand in hand with international purchases.
Tip: A travel card lets you lock in the exchange rate when you transfer funds between different currencies. This feature can be handy if you think it will become more expensive to purchase euros during your trip.
Cons May still be charged for ATM withdrawals. Reload fees could be high Foreign exchange rates are usually less competitive. Paying with cash in Italy Cash is king.
Pros Greater payment flexibility Convenience. Cons Difficult to manage expenses Higher risk of theft. Pros Secure and can be easily replaced if lost or stolen Photo ID needed to cash checks.
Cons Not accepted everywhere Can be costly with initial purchase charges. Apply now View details. Compare up to 4 providers Clear selection. Worldremit Ria Travelex. I want to send. Details Minimum transfer amount 1. Details Minimum transfer amount Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money. Case study: Frank's experience. Interview with Frank in Italy Do you have any travel money tips for Italy?
Cash prices. Frank says a price can drop if you choose to pay cash over card.