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Currency in Portugal

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Article:
Gonzalo

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5
On March 27, 2017
Last modified:June 23, 2017

Summary:

Article about the currency in Portugal, the Euro, that started to be used in 1999 and now used by more than 300 million people in Europe

The currency used in Portugal is the EURO, introduzed in 1999. Since 2002, the former currency Portuguese Escudo is no longer available, and replaced by the Euro currency.

The Euro is the currency of Portugal as well as the official cash of another fifteen nations: Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Slovakia, Slovenia, and Spain. It is utilized daily by more than 330 million Europeans.

This makes it less demanding for European guests coming to Lisbon, as they don’t need to stress over trading their cash.

The Euro image (€) is typically composed after the sum. For instance, 10 Euros = 10€.
Something else to consider is that, in Portugal, the decimals are composed after a comma and units of thousands are composed before a point.

For instance, 10.000€ means ten thousand euros and 10,20€ means ten euros and twenty cents.

 

COINS:

The Euro is partitioned into 100 cents and there are coins of: 1-cent, 2-cents, 5-cents, 10-cents, 20-cents, 50-cents, €1 and €2.

Euro_Coins_currency

One face of every coin is the same for all nations however the other one is distinctive for every nation of starting point.

Obviously, with today’s business sector you can discover in Portugal currencies from the greater part of the nations and gather them in the event that you like.

 

BANKNOTES:

 
As to banknotes, they’re issued in €5, €10, €20, €50, €100, €200, €500. Every one has its own shading and the front-side of the notes highlights entryways or windows, while the posterior elements spans.

Euro_Banknotes_Portugal_Currency

In Portugal you can utilize each coin and banknote you wish, yet more often than not you don’t see a great deal of banknotes higher than €50.

 

Cash ATM Withrawals:

 
In the event that you have to raise some Portugal cash, you’ll discover twenty-four hour ATMs (privately called multibanco) all over the places. There are bounty over here and in each Bank there is at least one.

Maximum day by day withdrawal is €400, with the most being €200 at once. The ATM machines have directions in English and different dialects. Search for the image on the privilege.

On the off chance that you have to exchange cash you can do it in any bank and there are additionally shops situated in traveler spots to help you. A little commission is charged (around €3 to €5).

 

Credit Cards:

 
Visa and MasterCard are often accepted in most shops, restaurants and hotels.
Regarding American Express, is not the most popular card, and often not accepted.
Please note that the majority of shops do not accept payments under 5EUR, and some of those even require payments above 10EUR to be processed by card.

credit_cards_portugal

 

Currency Converter:

 
How much does it worth?

If it’s not too much trouble utilize this cash converter to change over Euros into your money or the other way around. All rates are updated daily.

Article about the currency in Portugal, the Euro, that started to be used in 1999 and now used by more than 300 million people in Europe

Gonzalo

Founder & Owner at The Lisbon Guide
Passionate traveler, entrepreneur, webdesigner, travel article writter and Lisbon Private Guide. Based in Lisbon and experienced in tourism for over 15 years, with multiple ongoing projects, today traveling with his family. Also an avid tripadvisor user level 6 with more than 180.000 readers worldwide, helping thousands of travelers yearly to plan a perfect trip. I work also as a Private Tour Guide of Lisbon, please email me here to hire my services.
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