Currency in Portugal
Portugal, like most European Union countries, adopted the euro as its currency. Since January 1, 1999, the euro became the official currency in non-cash transactions, and it entered into cash circulation on January 1, 2002. Prior to the introduction of the euro, the official currency of Portugal was the Portuguese escudo.
Transition to the Euro
The transition from the escudo to the euro was an important economic step for Portugal. The euro brought stability and greater economic integration with the rest of the European countries. The euro is designated by the symbol “€” and the currency code “EUR”. The eurozone consists of 19 out of the 27 EU member states, facilitating international travel and trade.
Euro Banknotes and Coins
The euro is available in the form of banknotes and coins. Banknotes are available in denominations of €5, €10, €20, €50, €100, €200, and €500. Each banknote features a common design for the eurozone. Euro coins have a reverse unique to each country, including Portugal.
Useful Tips for Travelers
For tourists traveling to Portugal, it is important to remember a few key points regarding the use of the euro. Many local vendors also accept credit and debit card payments, especially in larger cities and tourist resorts. However, it is advisable to have cash on hand for any circumstances, especially when visiting smaller towns.
Currency Exchange and ATMs
Although the euro is widely accepted throughout Europe, it is advisable to ensure access to funds in this currency before traveling to Portugal. Currency exchange is possible at airports, in banks, and currency exchange offices. ATMs are widely available in larger cities, allowing cash withdrawals directly in euros.
| Euro Banknote Denominations |
|---|
| €5 |
| €10 |
| €20 |
| €50 |
| €100 |
| €200 |
| €500 |
Using Payment Cards
While traveling in Portugal, it is best to use a payment card. Most places accept card payments, but it is advisable to carry cash just in case. It is also important to check if your payment card is supported by Portuguese terminals. Some financial institutions may charge fees for using the card abroad.
Summary
The euro currency facilitates traveling in Portugal and enables better integration with European countries. It is worth familiarizing yourself with all aspects related to payments before traveling to avoid unpleasant surprises. This way, traveling and shopping in Portugal becomes simpler and more enjoyable.
