When traveling to Italy or engaging with Italian speakers, understanding the basics of money in Italian, including how to count it and the term for currency in Italy, is crucial.
In this article, we will first cover the basics of Italy’s currency. Then, you’ll learn the Italian word for money. Finally, let’s delve into how to exchange money in Italy.
Throughout, we’ll supply great audio examples to assist you in practicing your pronunciation.
The Basics of Italy’s Currency
Let’s start with the basics of Italy’s currency. The official currency in Italy is the Euro (EUR or €) since the country is a member of the European Union.
- Banknotes come in denominations of 5, 10, 20, 50, 100, 200, and 500 euros. Note: The 500 euro banknote is not issued anymore.
- Coins come in denominations of 1, 2, 5, 10, 20, and 50 cents, as well as 1 and 2 euro coins.
Italy’s former official currency was the Lira (the equivalent to US dollars in Italy), replaced by the Euro on January 1, 1999.
Initially, the Euro existed only as “book money” until euro banknotes and coins officially entered circulation on January 1, 2002, with the Lira being completely phased out by February 28, 2002.
Euro banknotes feature varying sizes and colors for each denomination, with the smallest bill correlating with the lowest value.
If you visit Italy, be aware that some vendors might not accept notes exceeding 50 euros. Additionally, consider obtaining cash beforehand to avoid inconvenience, as some dining establishments may not accept credit cards.
It’s worth noting that in large Italian cities such as Rome, Florence, and Naples, the majority of businesses do accept credit cards.
Italian for Money: What’s the Word?
Q: What’s the Italian word for money?
A: Soldi or Denaro.
Q: What is the currency used in Italy?
A: The official currency of Italy is the Euro (EUR or €).
Q: What is the Italian word for “cash”?
A: Italians call cash “contanti” or “denaro contante“.
Q: What is the Italian word for “coin”?
A: Italians call “coin” “moneta.”
Below are commonly used Italian monetary phrases, each accompanied by their English translation.
“Ho bisogno di cambiare cento euro.“
“I need to exchange one hundred euros.”
“Quanto costa questo vestito?“
“How much does this dress cost?”
“Vorrei pagare con carta di credito.“
“I would like to pay with a credit card.”
“Posso avere il resto, per favore?“
“Can I have the change, please?”
Suggested Read: Learn how to say please in Italian.
“Il totale è di quindici euro e cinquanta centesimi.“
“The total is fifteen euros and fifty cents.”
Listen to the examples in Italian
Currency Exchange in Italy: How to Do It Right
Now that you know what’s Italian for money, it’s time to learn how to exchange it.
When exchanging any amount of money in Italy, it’s essential to know that most banks will offer the best exchange rate for major currencies such as the US dollar and the Euro. Checking with different banks, websites, and offices is always best to compare rates.
Suggested Read: Richest Cities in Italy: Top 10 Wealthiest Places
Tips for Travelers in Italy
- When visiting Italy, search for ATMs (Bancomats) for efficient currency exchange with lower fees and favorable rates.
- Inform your bank of travel plans, check foreign transaction fees, and identify partner Italian banks for fee-free withdrawals.
- While many places accept credit cards, especially Visa and MasterCard, carrying cash is crucial for daily use as some establishments prefer or accept only it.
- Opt to pay in Euros when using cards to get the best rates. Travelers’ checks offer a secure option. However, they aren’t widely accepted. If used, get them in Euros, Pounds, or American Dollars to avoid extra charges.
Shopping in Italy? Use our Italy VAT refund calculator to estimate your savings.
Additional Example Sentences
Find additional Italian sentences related to money below, complete with English translations
“Ho bisogno di cambiare venti dollari in euro.“
“I need to change twenty dollars into euros”
“Quanto costa questo in euro?“
“How much does this cost in euros?”
“Posso pagare con carta di credito?“
“Can I pay with credit card?”
Pro Tip: Learning this last question in Italian is beneficial. As mentioned, some Italian eateries don’t accept credit cards, making it crucial to know how to ask.
“Do you accept checks?”
“Vorrei prelevare cento euro dal mio conto.“
“I would like to withdraw one hundred euros from my account”
Listen to the examples in Italian
By knowing how to say money in Italian, the basics of Italy’s currency, and how to count money, you will be able to navigate financial transactions quickly and confidently. Remember to be aware of the exchange rate when exchanging money.
With practice, you’ll be counting euros and cents like a pro in no time, ensuring a smooth experience while enjoying Italy’s wonders.