If you’ve never travelled abroad before or aren’t familiar with things like exchange rates or where to get hold of cash while you’re on holiday, here’s everything you need to know about Ibiza currency.
What is the official Ibiza currency?
In keeping with the rest of the EU, the Euro is the only form of Ibiza money that’s accepted as legal tender. You’ll see it represented as either ‘EUR’ or €. The preceding Ibiza currency, the Spanish Peseta, was taken out of circulation in 2002, although it was officially replaced by the Euro in 1999. Pesetas are now worthless and cannot be changed up in banks or used to buy goods or services.
Notes about notes
Euro notes in Ibiza each depict something from Spanish culture, both ancient and modern. In Ibiza, currency notes are also given notably different sizes, so that the visually-impaired can feel which note is which. The smallest note is worth the least, starting at €5 and increasing in value and size, up to €500.
Euros are different colours, making it easy for both the fully-sighted and the visually-impaired to distinguish between them. It’s worth remembering that many shops simply don’t have the change to deal with the larger notes, so you can make your life a lot easier by carrying only smaller denominations of Ibiza money.
Much like the British Pound and Pennies, one Euro equals 100 cents. These are available as 1, 2, 5, 10, 20 and 50, before you get up to the Ibiza money equivalent of the one and two-pound coins: the one and two Euro coins. Much like the notes, the Ibiza currency carries pictures of Spanish iconography, such as famous sculptures, buildings or pieces of art. While the Ibiza money might be unfamiliar at first, paying for items with the right change can help you avoid coming home with a load of useless shrapnel in your purse or wallet: Euro coins are too small in worth for banks to convert them back into Sterling, so you could be stuck with a pocketful of coins! Use them up in the airport before you travel home, buying those last-minute treats, souvenirs, and travel essentials.
Cards and traveller’s cheques
Traveller’s cheques were once an easy way to get Ibiza money, but they’re becoming less common. Credit and debit cards are a much better bet: there are plenty of ATMs in the larger towns and cities. Some British banks charge commission on cash withdrawals in other countries, so it’s worth checking with yours what they charge on Ibiza currency, before you go.