In Spain, Madrid specifically, the Euro is used as the national currency since 1999, although they were not officially circulated until 2002. Coined Euro’s come in 1, 2, 5, 10, 20 and 50 euro cents, while notes come in 5, 10, 20, 50, 100, 200 and 500.
The format of their money is unlike America, in that thousand can come before a point (3.450 = Three thousand, four hundred and fifty) and decimals come after a comma (85,12 = Eighty five Euros and twelve cents.) You can exchange currencies at the airports, or banks but credit cards are widely used and there are many ATM’s. Unfortunately, travelers checks are uncommonly cashed. As for taxes on items, you can pay anywhere from 7-16%.
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on Friday, August 15th, 2008 at 8:32 am and is filed under Madrid.
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