Foreign Exchange for Italian Property
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Foreign Exchange for Italian Property
The official unit of currency in Italy is the Euro, which replaced the Lira in 2002. While Lira can still be exchanged at the Bank of Italy until February 2012, at a conversion rate of 1936.27 Lire to the Euro however is no longer considered legal tender.
If you have arrived in Italy without Euros, you can exchange your currency for Euros at any bank, (note that banks are closed on weekends) at the “Casas de Cambio” (bureau de change - exchange offices). Travelers cheques are easily exchanged in large towns however not quite as easily in smaller towns and villages. While it is possible to change money in Italy it is often advisable to change money into Euros before arriving in Italy, depending on your destination within Italy simply to get more favourable rates. It is often possible to use your debit card from your English bank to withdraw Euros in Italy.
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