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Money

What is the currency in Spain?

The official currency is the euro (€), as in the rest of the countries in the European Union. You'll find coins for 1, 2, 5, 10, 20 and 50 cents, and for 1 and 2 euros. There are also 5, 10, 20, 50, 100, 200 and 500 euro notes. The euro is divided into 100 cents.

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How much money will you need for expenses during your stay?

Although the average prices will vary depending on your destination and the time of year, the following are approximate amounts: Single bus or underground ticket, about €1.30. A beer, between €2 and €6. Cinema ticket between €5 and €9. Theatre ticket between €12 and €30. Opera or concert ticket, between €50 and €100. Breakfast with coffee, cake or pastry and juice, between €2 and €4. A daily set menu in a medium to modest restaurant, around €10. An à la carte menu may cost around €20. In a mid-level restaurant, the daily set menu will be about €36. For restaurants with a 3-fork category, it may be over €90. A double room in 5-star accommodation will cost between €200 and €300; 4-star, between €100 and €200; 3-star, between €60 and €100; in accommodation with two stars or less, below €60.

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What ways can you pay?

Credit cards: these are widely used in Spanish shops and businesses. There is usually a sign at the entrance to the establishment saying which cards are accepted. You'll need to show your passport or some kind of ID when you pay. Traveller's cheques: these should be accompanied by your passport and are accepted in many hotels, restaurants and businesses.

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Where can you change foreign currency?

At any bank branch or foreign exchange bureau in major cities. This service is also available in most hotels and travel agencies.

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Is tipping obligatory?

No, because all establishments in Spain include the price of service. However, it is common practice to tip in bars and restaurants, hotels and taxis, depending on the amount and on the customer's generosity, although it tends to range between 5% and 10% of the total amount.

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Can you request reimbursement of your Value Added Tax (VAT)?

Yes, whenever the purchaser's residence is outside the European Union and the total purchases exceed €90.15. You should follow these steps: 1. Ask for the tax-free invoice and show proof of your residence abroad. 2. Show your purchases and have the tax-free invoices stamped at customs. (Receipts must be stamped within 3 months of purchase.) 3. Claim the amount due from the company processing the claim. There are usually VAT reimbursement points at the main Spanish airports and borders, for payment in cash. You can also opt to have the VAT repaid to your credit card, by bank transfer or international cheque. Some of the companies authorised to process the reimbursement are: Global Blue Premier Tax Free Innova Taxfree Spain   Tax Free Worldwide Spain   Open Refund   Comercia Global Payments Entidad de Pago S.L . Financiera El Corte Inglés