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| Country Guide > Europe > Spain |
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Money Single European currency (Euro) Single European currency (Euro): The Euro is now the official currency of 12 EU member states (including Spain). The first Euro coins and notes were introduced in January 2002; the Spanish Peseta was still in circulation until 28 February 2002, when it was completely replaced by the Euro. Euro () = 100 cents. Notes are in denominations of 500, 200, 100, 50, 20, 10 and 5. Coins are in denominations of 2 and 1, and 50, 20, 10, 5, 2 and 1 cents. Currency exchange Money can be changed in any bank, and at most travel agencies, major hotels and airports. National Girobank Postcheques may be used to withdraw cash from UK accounts at main Spanish post offices. Credit & debit cards American Express, Diners Club, MasterCard and Visa are widely accepted, as well as Eurocheque cards. Check with your credit or debit card company for details of merchant acceptability and other facilities which may be available. Travellers cheques International travellers cheques are widely accepted. To avoid additional exchange rate charges, travellers are advised to take travellers cheques in Euros, Pounds Sterling or US Dollars. Currency restrictions The import and export of local currency is unlimited, but the export of amounts exceeding 6010 (in any currency) per person per journey must be declared. The export of cash notes and bearers-cheques, in any currency, exceeding 3050 per person per journey must also be declared. Exchange rate indicators The following figures are included as a guide to the movements of the Euro against Sterling and the US Dollar:
Banking hours Mon-Fri 0900-1400, Sat 0900-1300 (times may vary). |