Which currency do Belgium use?
Belgium, a small but vibrant country located in Western Europe, has a long history of trading and commerce. As a member of the European Union (EU) since its inception, Belgium adopted the euro (€) as its official currency on January 1, 2002. Prior to that, the Belgian franc (BFR) was the national currency for nearly 170 years.
The euro, symbolized by the € sign, is the second most widely used currency in the world, trailing only behind the United States dollar. This common currency is used by 19 of the 27 EU member states, constituting the Eurozone. Belgium joined this group of nations to strengthen its economic ties and facilitate seamless transactions within the EU.
The introduction of the euro eliminated the need for currency exchange between fellow Eurozone countries, making trade and travel more convenient for Belgian citizens and visitors alike. Now, when you visit Belgium, you’ll find that the euro is universally accepted across the country.
FAQs about Belgium’s currency:
1. Can I use other European currencies in Belgium?
No, the euro is the only accepted currency throughout Belgium. Other currencies, such as the British pound or Swiss franc, are generally not accepted for payment.
2. Are there any restrictions on currency exchange in Belgium?
Belgium does not impose any specific restrictions on currency exchange. However, standard anti-money laundering and counter-terrorism financing regulations apply.
3. Where can I exchange my currency into euros?
You can exchange your currency into euros at banks, exchange bureaus, or specialized currency exchange offices called “bureaux de change” found in major cities, airports, and tourist areas.
4. Is it better to exchange currency in Belgium or before arriving?
It’s generally advisable to exchange currency before arriving in Belgium to ensure you have cash on hand upon arrival. However, you can also exchange money within Belgium at banks or exchange bureaus.
5. Can I use credit cards in Belgium?
Yes, credit cards are widely accepted in Belgium, especially in larger cities and tourist areas. Visa and Mastercard are the most commonly accepted cards, followed by American Express and Diners Club.
6. Are there any transaction fees or foreign exchange fees when using cards?
Transaction fees and foreign exchange fees may apply when using credit cards. It’s recommended to check with your card issuer beforehand to understand any potential charges.
7. Are ATMs readily available in Belgium?
Yes, ATMs (Automated Teller Machines) are easily accessible throughout Belgium. They can be found at banks, supermarkets, and other public places for cash withdrawal using your debit or credit cards.
8. Can I use traveler’s checks in Belgium?
While traveler’s checks used to be a popular means of payment, they are now less commonly accepted in Belgium. It’s better to rely on cash or cards instead.
9. Do I need to tip in cash or can I add it to the bill when paying by card?
In Belgium, it’s customary to tip with cash rather than adding it to the bill when paying by card. However, this may vary depending on the establishment, so it’s always good to check with the staff.
10. Can I use mobile payment apps like Apple Pay or Google Pay?
Yes, mobile payment apps like Apple Pay and Google Pay are becoming increasingly popular in Belgium. Many shops, restaurants, and service providers accept these forms of payment.
11. Is it necessary to carry cash for small purchases?
While many places in Belgium do accept cards, it’s still advisable to carry some cash for smaller purchases, as not all establishments may accept cards for small transactions.
12. Can I get a refund of VAT (Value Added Tax) when leaving Belgium?
Yes, in most cases, non-EU residents can claim a VAT refund on eligible goods purchased in Belgium. Make sure to inquire about the tax refund process at the point of purchase and follow the necessary procedures when leaving the country.