 Money
The local currency is Euro ( € ).
Money can be changed at Banks, Bureau De Change (cambio)
or at one of the currency exchange machines in the streets. These
facilities will offer a better rate than in Hotels and Receptions.
Printed Euro notes come in the following values:
5, 10, 20, 50, 100, 200 and 500 €.
Euro coins are as follows:
1 cent, 5 cents, 10 cents, 20 cents, 50 cents, 1 and 2 €.
Euro-cheque is a cheaper method than a Travelers Cheque to obtain
cash. All well-known Credit Cards are usually universally accepted.
Added Value Tax
This tax is known as IVA (VAT) in Portugal and is at present 21%.
Persons from outside the European Union (EU) and when visiting for
less than 180 days, can reclaim this tax by requesting a form
named Isenção de IVA. This form is presented to customs
when leaving the country.
Banks
Banks are open from Monday through to Friday, from 08.30 hrs. to
15.00 hrs and closed on Public Holidays and Saturdays. Bank charges
vary from different Banks for the same item or service.
Here are some examples of the former currency "escudo"
that is no longer accepted by any bank.
|
Old Bank Notes |
500 Esc. |
1.000 Esc |
2.000 Esc |
5.000 Esc |
10.000 Esc |
| |
|
Old Bank Coins |
5 Esc |
10 Esc |
20 Esc |
50 Esc |
100 Esc |
200 Esc |
|
