The official currency in Ibiza is the Euro (EUR).
Order your travel money before you go and make your cash stretch further. There’s also the option to exchange when you get there but rates are often higher, particularly at the airport.
The Euro is the only form of Ibiza money that’s accepted as legal tender. 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 in banks or used to buy goods or services.
Each Euro note depicts something from Spanish culture, both ancient and modern. In Ibiza, the currency is also notably different in size, so that the visually-impaired can feel which note is which. The smallest is worth the least, starting at €5 and increasing in value and size to €500.
Euros are also 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 it’s always worth carrying smaller denominations.
Much like the British Pound and pennies, one Euro equals 100 cents. These are available as 1, 2, 5, 10, 20 and 50. Paying for items with the right change can help you avoid coming home with worthless currency. Euro coins are too small for banks to convert them back into Sterling, so you could be stuck with a pocketful of coins! Use them up in the airport to buy last-minute treats, souvenirs and travel essentials.
Paying by credit or debit card
Credit and debit cards are useful abroad with plenty of ATMs in the larger towns and cities. Some British banks charge fees on cash withdrawals in other countries, so it’s worth checking with yours before you go.