| Single European
currency, the Euro is now the official
currency of 12 EU member states including Austria.
The first Euro coins and notes were introduced in January 2002,
Austrian Schilling was 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.
Foreign currencies and travellers cheques can be exchanged at all
banks, savings banks and exchange counters at the airports and railway
stations at official exchange rates.
Credit & debit cards in Austria
Major credit cards and Eurocheque cards are accepted in large cities
and tourist areas. However, credit and debit cards are less widely
accepted in Austria than they are in the UK or the USA and some
smaller hotels may require bills to be paid in cash.
Travellers cheques are widely accepted. To avoid additional exchange
rate charges, travellers are advised to take travellers cheques
in a major currency (Euros, Pounds Sterling, US Dollars).
There are no restrictions on the import and export of either local
or foreign currency.
The following figures are included as a guide to the movements of
the Euro against Sterling and the US Dollar: