Single European
currency (Euro). The Euro is now the official currency
of 12 EU member states which includes Spain/Canary Islands.
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 banks, 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 in Canary
Islands
American Express, MasterCard, Diners Club 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 in Spain/Canary Islands.
Travellers
cheques
International travellers cheques are 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: |
