Italy is one of the twelve members of the EU, and in January, 2002 the country converted to the Euro. Euro (€) = 100 cents. Notes are in denominations of €500, 200, 100, 50, 20, 10 and 5. Coins are in denominations of €2, 1 and 50, 20, 10, 5, 2 and 1 cents. Please use the following Currency Converter to learn more about the value of the Euro against other currencies 

Currency exchange: Travellers cheques, cheques and foreign money can be changed at banks, railway stations and airports, and very often at major hotels (generally at a less convenient rate). 

Credit & debit cards: MasterCard, Diners Club and Visa are widely accepted, but many small establishments - shops and restaurants only accept cash. It is advisable to ask merchants if they accept credit cards before trying to purchase items 

Travellers cheques: Travellers cheques are accepted almost everywhere. To avoid additional exchange rate charges, travellers are advised to take travellers cheques in Euros, Pounds Sterling or US Dollars.