Currency for Italy
The Euro (EUR) is now the official currency of Italy. Italy's prior currency, the Lira, has now been phased out as legal tender and is no longer accepted.
Euro Currency Denominations - Note Currency 5.00 Euro's - 10.00 Euro's - 20.00 Euro's - 50.00 Euro's - 100.00 Euro's - 200 Euro's and 500 Euro's
Change Currency - 1 Euro Cent - 2 Euro Cents -1.00 Euro Coin - 2.00 Euro Coin - 5 Euro Cents - 10 Euro Cents - 20 Euro Cents and 50 Euro Cents
Currency restrictions - There are no restrictions on the import and export of either local or foreign currency.
Tipping - Many restaurants will charge a service fee as part of the bill. If you're keen to tip it is customary to leave a 10-15% tip in a sit-down restaurant, taxi-drivers will get 5-10% depending on the city, and water taxi in Venice is so expensive so it is up to you.
Bank Opening Hours - Monday to Friday from 8.30 am to 1.30 pm and from 3.00 pm to 4.30 pm. Some banks are also open on Saturday morning until 1.30 pm.
In Italy, you can exchange your currency at most Banks as well as many exchange bureaus that you will find in popular areas, such as Venice, Florence, Rome, Naples, Milan. In most banks when you are exchanging currency, you will need your passport. If you do not have this with you, then the bank may refuse to exchange your currency.