Money - Europe
Last Updated: 23rd Apr 2013
More Tour and Travel Advice for Europe
The Euro Zone
The Euro (€) is the most widely accepted currency in the world and is the official currency of 13 European Union countries as well as being accepted in many other countries where it is used unofficially.
The countries where the Euro is the official currency are:
The United Kingdom
The official currency of the United Kingdom is the Pound Stirling (£) and although some pay phones may accept Euro, the Pound is the only accepted currency in through out United Kingdom (England, Scotland and Wales and Northern Ireland). The Republic of Ireland uses the Euro.
Although the Euro is very widely accepted, this however is generally not the case in Sweden , Denmark and Norway where the local currency for each individual country is generally the only accepted form of cash.
Most central and eastern European countries have their on currencies. Places of business in countries such as Poland and the Czech Republic along with Egypt, Russia and Switzerland accept the Euro alongside their official currency with change usually being given in the local currency.
ATM’s and Cash Machines
ATM’s and Cash Machines are readily available throughout Europe. There will almost certainly be a charge for making cash withdraws from foreign cash machines and its best to check with your bank at home to find out what these are.
It is also common for the lines of communication between banks in Europe and your home country to go down. Usually its best to carry at least 50€ (as well as some local currency if you are in a country that does not accept the Euro) as a backup in case you cannot get access to a cash machine.
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In my experience, al lot of B&B in Portugal offer ways to pay by debit and credit cards already.
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Many Eastern European countries still have their own currency so this is something to watch out for when traveling that direction. Staying in Portugal I found that those running Portuguese bed and breakfasts or hotels were quite willing to accept sterling as well.
i was going to get a cash passport for my trip to europe as i found it priceless when i went to america. will i need to get 2? one for uk and one for euro?
I’m going on my first trip to Europe in a couple of weeks, but the whole money-thing really confuses me…I have to have Pounds Stirling and also Euro, but I don’t understand travellers cheques and how to use them, or how much foreign currency I should have. Can you please help me out?