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From the 1st of January 2002 the Euro was accepted as the only official coin in Spain (with the symbol €) which equals 100 cents.
There are coins and notes of different values. The coins are 1 cent, 2 cents, 5 cents, 10 cents, 20 cents, 50 cents, 1 Euro and 2 Euros.
All the coins, from 1 to 10 cents have a coppered colour, 10, 20 and 50 cents are golden, and 1 and 2 euros have golden and silver colours.
The notes are made of paper and the different values vary from 5 Euros till 500 Euros. There are 5, 10, 20, 50, 100, 200 and 500 Euros notes. Beware when paying with large amount notes as some sites might not be able to accept them as, for example, on the bus you are not allowed to pay with notes higher than 20 Euros and some commercial establishments don’t accept 100, 200 or 500 Euros. If you wish to exchange your money in the Canary Islands you might go to any bank, opened from 8.30am till 2pm from monday to saturday (except during the months between June and September when they might be closed on saturdays).
It’s also possible to pay in the Canary Islands with Credit or Debit Card. This is a common, practical way of paying. It will allow you to avoid carrying money and it’s a very safe way of paying. You might use it to rent a car, pay the restaurant bill, hotel or any other type of purchase. If you need to get some real money, the ATM’s are available 24 hours a day and are placed in several different locations as banks, hotels, shopping centres and others. The most common cards are Visa and Mastercard.
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