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Italy - Money
Currency & Money
Euro (EUR; symbol €) = 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.
MasterCard, American Express, Cirrus, Maestro and Visa are widely accepted. Some restaurants charge an extra ‘service fee’ if you pay the bill by credit or debit card – ask the establishment whether this is the case before using your card.
ATMs are widely available throughout Italy. Look for the ‘Bancomat’ sign for machines with multilingual interfaces. Pickpocketing and petty thievery can be problematic in tourist areas, so take care to keep belongings secure and be vigilant when making cash withdrawals.
Traveller's cheques are rarely accepted even at banks. Expect high exchange rates at banks and at exchange offices. To avoid additional exchange rate charges, travellers are advised to take traveller's cheques in Euros, Pounds Sterling or US Dollars.
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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