Belgium - Money
Currency & Money
Belgium switched from the Belgian Franc to the Euro (EUR; symbol €) in 2002. Notes are in denominations of €500, 200, 100, 50, 20, 10 and 5. Coins are in denominations of €2, 1 and 50, 20, 10, 5, 2 and 1 cents.
American Express, Diners Club, MasterCard and Visa are widely accepted in the major cities and towns; take cash for smaller villages. Be aware that some petrol stations and local shops only accept a nationwide payment system known as Bancontact or Proton. In these incidences you’ll have to use cash or, alternatively, you can buy pre-loaded Bancontact cards from the post office.
Cashpoints compatible with international banking networks are located in all towns and cities, as well as airports, major train stations and other spots. They usually offer an attractive exchange rate, although be aware that most banks charge a fee for withdrawals made abroad.
Travellers’ cheques are no longer widely accepted; it’s quicker and easier to withdraw cash from an ATM.
There are no restrictions on the import or export of local or foreign currency. However, amounts exceeding €10,000 or equivalent must be declared if travelling from or to a country outside the European Union.
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