Money & duty free for Italy

Exchange rates:

Euro
C$1 = €0.75
£1 = €1.26
US$1 = €0.74

Currency & Money

Currency information

Euro (EUR; symbol €) = 100 cents. Notes are in denominations of €500, 200, 100, 50, 20, 10 and 5. Coins are in denominations of €2 and 1, and 50, 20, 10, 5, 2 and 1 cents.

Credit cards

MasterCard, American Express, Cirrus, Maestro and Visa are widely accepted. Some restaurants charge an extra ‘service fee’ if you pay the bill by credit or debit card – ask the establishment whether this is the case before using your card. As of early 2013, Vatican City has imposed a temporary ban on use of credit cards in an attempt to thwart possible money laundering; only cash will be accepted.

ATM

ATMs are widely available throughout Italy. Look for the ‘Bancomat’ sign for machines with multilingual interfaces. Pickpocketing and petty thievery can be problematic in tourist areas, so take care to keep belongings secure and be vigilant when making cash withdrawals. ATM withdrawals within Vatican City have been temporarily banned.

Travellers cheques

Traveller's cheques are widely accepted. To avoid additional exchange rate charges, travellers are advised to take traveller's cheques in Euros, Pounds Sterling or US Dollars.

Banking hours

These vary from city to city but, in general, Mon-Fri 0830-1330 and 1500-1600.

Currency restriction

There are no restrictions on the import or export of local or foreign currency. However, amounts exceeding €10,000 or equivalent must be declared if travelling from or to a country outside the European Union.

Currency exchange

Traveller's cheques, cheques and foreign money can be changed at banks, railway stations and airports and very often at major hotels (albeit usually at a less advantageous exchange rate).

Italy duty free

Italy is within the European Union. If you are travelling from the UK, you are entitled to buy fragrance, skincare, cosmetics, champagne, wine, selected spirits, fashion accessories, gifts and souvenirs - all at tax-free equivalent prices.

If you are travelling from within the EU, there is no limit on the amount or value of goods you may import, providing your goods are for personal consumption. Goods imported for commercial purposes are subject to duty and the following guideline amounts are in place to determine whether this is the case:

• 800 cigarettes or 400 cigarillos or 200 cigars or 1kg of tobacco.
• 10L of spirits over 22% volume, 20L of alcoholic beverages less than 22% volume, 90L of wine (no more than 60L of sparkling wine) and 110L of beer.

If you are arriving from a non-EU country, the following goods may be imported into Italy by persons over 17 years of age without incurring customs duty:

• 200 cigarettes or 100 cigarillos or 50 cigars or 250g of tobacco.
• 4L of wine and 16L of beer and 1L of spirits over 22% volume or 2L of alcoholic beverages less than 22% volume.
• Other goods up to the value of €430 for air and sea travellers and €300 for other travellers (reduced to €150 for children under 15).

Banned imports

Meat and milk and any derivative products from most non-EU countries, protected animal and plant species, unlicensed firearms and weapons, and counterfeit goods.

Banned exports

Cultural artefacts which are more than 50 years old must be accompanied by an export licence.

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