Money

Europe

 

What is the currency in Spain?

The euro. In Spain, as in most other countries of the European Union,since January of 2002.
One euro has 100 cents.

Where can I exchange foreign currency?

This service is available at all bank offices, open to the public Monday through Friday, from 9.00 to 14.00 h. Also you can find some Exchange House in de Airoport or in the City Centres.

 

Currency converter

 

How else can I pay?

With credit cards:

Payment using recognised international credit cards is also commonly available in Spanish shops. They usually have signs indicating this option at the entrance to the shop. When you make a payment you should show your passport or ID card.

How can I get a sales-tax (IVA) refund?

If you country of residence is outside of the European Union, you may request a sales-tax refund for your purchases.
There are several companies in Spain that are authorised to process sales-tax (IVA) refunds. You need to request a form for your sales-tax refund at the shop.

Spanish law establishes the minimum purchase for you to be able to get a sales-tax refund at € 90.15. This amount needs to be spent at the same shop, and on the same day, for it to be eligible for a Tax Free cheque.

The paperwork is simple; to obtain the refund, you must do the following:

  • Ask for a tax-free receipt of purchase, for which you need to show a valid proof of foreign residency (passport).
  • Show your purchases, and seal the tax-free goods in customs. (You have three months from the time of purchase to seal your goods).
  • Ask for the refund at the authorised refund-processing company. These companies have IVA refund offices at all major airports in Spain. You can get your refund in cash, or credit it back to your credit card.