Can you use American money in Portugal?
Lots of foreigners ask if can use American money in Portugal and the answer is simple and easy. Portugal receives every year more than the local population of travelers, visiting the country and especially the main cities. Most of the travelers usually travel to Lisbon, Porto or Faro, due to the airports. After, they will go to other locations such as Sintra, Setúbal, Braga, Guimarães, Nazaré, Fátima or in the South, Lagos, Sagres or Albufeira.
Portugal is on European Union and by default the currency is EURO. The euro banknotes and coins were introduced in the country on 1st January 2002, after a period of three years in which the euro was only as book money. The process was used that people understood the conversation and the prices on the products and services were mandatory to be market with the oldest Portuguese Escudos and Euros. The dual circulation period helped to get used to the new concept.
Will you use American money in Portugal?
During your trip to Portugal, it will be impossible to pay in American money, since Portugal uses Euros. The best you will be able to make is to find the best exchange possible is withdraw in an ATM machine on the street. However, this option will have the rates of exchange from USD dollars to euros.
Dollars perhaps if you have, you will be able to give as tips for the service, even it is not mandatory in Portugal. We have an article explaining the issue of tips, take a look by clicking here.
In conclusion, even with the international commerce working with USD, in Portugal is mandatory to use Euros for all payments in cash. You will be able to pay with Visa or MasterCard / VISA, however, it will have the rates to USD dollars. These exchange rates will depend on your bank and what they charge.
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