Whatʼs the currency for Greece?
Greeceʼs currency is the Euro (€).
Since Greece became a member of the European Union (EU) in 1981 and subsequently adopted the Euro as its currency in 2001, the Euro is the official currency used throughout the country. It replaced the Greek Drachma, which was the national currency for centuries.
The Euro is used in Greece for all financial transactions, including day-to-day purchases, accommodation, transportation, dining, and other services. It is also accepted by most businesses in popular tourist destinations.
FAQs about the currency of Greece:
1. Can I use any other currency in Greece?
No, the Euro is the only legal tender currency accepted in Greece. It is essential to exchange your currency for Euros before or upon arriving in the country.
2. Are there any restrictions on carrying cash in Greece?
Within the EU, there are no specific restrictions on the amount of cash you can carry when travelling to or from Greece. However, if you are entering or leaving Greece with €10,000 or more (or the equivalent in another currency), you must declare it to customs authorities.
3. Are credit cards widely accepted in Greece?
Yes, credit cards are widely accepted in Greece, especially in urban areas, major tourist destinations, and establishments catering to international visitors. Visa and Mastercard are the most commonly accepted cards, but it is always wise to carry some cash for smaller businesses or remote areas.
4. Can I withdraw Euros from ATMs in Greece?
Yes, you can find ATMs throughout Greece where you can withdraw Euros using your debit or credit card. Major international bank cards, such as Visa and Mastercard, are widely accepted.
5. Should I exchange currency at the airport?
Although exchanging currency at the airport is convenient, exchange rates tend to be less favorable there. It is advisable to exchange a small amount of cash at the airport for immediate use and then seek better rates at local banks or licensed exchange offices.
6. Can I pay in a different currency and get change in Euros?
In most cases, payments in other currencies will not be accepted, and you will be required to use Euros for transactions. It is recommended to carry Euros or use your credit card to avoid any inconvenience.
7. Are there any fees for currency exchange in Greece?
Banks and exchange offices in Greece may charge a small fee for currency exchange. It is best to inquire about any applicable fees before proceeding with the transaction.
8. Can I use travelerʼs checks in Greece?
Travelerʼs checks are not commonly used in Greece. Most businesses do not accept them, and it may be challenging to find banks or facilities that cash them. It is more convenient to rely on debit or credit cards, along with some cash.
9. Are there any restrictions on currency exchange in Greece?
Greece does not impose any specific restrictions on currency exchange. However, banks and exchange offices may have their own policies, and higher amounts of foreign currency may require additional documentation or justification.
10. Where can I exchange currency in Greece?
Currency exchange services can be found at Greek banks, exchange offices, and some hotels or travel agencies. Banks generally provide competitive exchange rates, while hotels and tourist establishments may offer less favorable rates.
11. Can I use contactless payment methods in Greece?
Yes, contactless payment methods such as smartphones, smartwatches, or contactless cards are widely accepted in Greece. Many businesses have adapted to this technology, especially in major cities and tourist areas.
12. What should I do if I run out of Euros in Greece?
If you run out of Euros in Greece, you can withdraw cash from ATMs or exchange currency at banks or licensed exchange offices. It is advisable to plan ahead and keep track of your spending to avoid running short of cash.