Exploring the Currency of Corfu: A Guide to Money Matters on the Greek Island

Corfu, a beautiful Greek island nestled in the Ionian Sea, has long been a popular destination for tourists seeking sun, sea, and a taste of Greek culture. While the island’s stunning landscapes and vibrant culture are a significant draw for visitors, understanding the local currency and money matters is equally important to make your trip smooth and enjoyable. In this blog post, we’ll dive into the world of currency in Corfu and provide you with essential information to ensure your financial affairs are in order during your visit.

1. The Official Currency of Corfu

The official currency of Corfu, like the rest of Greece, is the Euro (EUR). The Euro is a widely accepted and recognized currency, making it convenient for travelers from Europe and beyond. You can find Euro notes and coins in various denominations, which are essential for day-to-day transactions on the island.

corfu-car-hire
corfu-car-hire

2. Currency Exchange

If you’re arriving in Corfu from a country that doesn’t use the Euro, you’ll need to exchange your currency for Euros. Fortunately, Corfu has numerous currency exchange offices, banks, and ATMs available, making it easy to convert your money. While ATMs are widespread, it’s advisable to carry some cash in Euros for small purchases and emergencies.

corfu-car-rental
corfu-car-rental

3. Credit and Debit Cards

Corfu is a tourist-friendly destination, and most businesses, including hotels, restaurants, and shops, accept major credit and debit cards. However, it’s a good idea to carry cash for smaller establishments, street vendors, or when you venture into the more rural areas of the island, where card acceptance might be less common.

gouvia-car-hire
 

4. Currency Exchange Rates

Currency exchange rates can fluctuate, affecting the amount you receive when exchanging money. It’s wise to check the current exchange rates offered by banks and exchange offices to get the best value for your currency. You can also monitor exchange rates through various financial websites or apps, or consult your local bank before your trip.

cheap-car-hire-corfu

5. Tipping in Corfu

Tipping is customary in Corfu, as it is in most European countries. While it’s not mandatory, leaving a tip for good service is appreciated. A typical tip is around 5-10% of the bill in restaurants, and rounding up the bill for taxi drivers or porters is also common. Remember that tipping is a gesture of gratitude for excellent service, and it’s always at your discretion.

corfu-port-car-hire
corfu-port-car-hire

6. Currency Exchange Tips

To ensure a smooth financial experience in Corfu, here are some handy tips:

  • Carry a small amount of cash in Euros for small purchases and emergencies.
  • Notify your bank of your travel plans to avoid card-related issues while abroad.
  • Use ATMs affiliated with major banks to avoid high withdrawal fees.
  • Check the exchange rates in advance and be aware of any commission charges.

Conclusion

Understanding the currency of Corfu is an essential aspect of your travel preparations. With the Euro as the official currency and various means to exchange or access money, your financial transactions on the island should be straightforward. Remember to plan ahead, keep some cash handy, and enjoy your visit to this enchanting Greek island without any currency-related worries. Corfu offers breathtaking scenery, delicious cuisine, and a rich cultural heritage that is sure to make your trip an unforgettable experience!

Pre-Euro Currency in Corfu

This is a collection of the pre-Euro Currency used in Corfu and Greece. The “drachma” was the official currency of Greece for many years, and it was also used in Corfu, as well as in other parts of the country. The drachma has a rich history that dates back to ancient times. In modern history, the drachma was reintroduced in 1832, following the establishment of the modern Greek state. It went through several iterations and devaluations over the years.

Notably, Greece adopted the euro as its official currency on January 1, 2002, joining the Eurozone. This marked the end of the drachma as a physical currency. The transition to the euro aimed to facilitate economic integration with other European countries and streamline financial transactions within the Eurozone.

corfu-car-rental 

A friendly blog post by Zotos Rent a Car.

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