Greece

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Money Matters

As Europe transitioned to the Eurozone Agreement, all the countries accepted Euro as a legal tender. Greece was among the first countries to enter the contract in the year 2002. Any other currency is not widely accepted in Greece, so beware of touts willing to do so as you may end up paying way more than the item is worth.

Exchanging Money in Greece

The working hours of Greek banks are quite short and thus, not very reliable - until 2:30 PM on Monday to Thursdays and only till 2:00 PM on Fridays. On weekends, all the banks are shut. Following are a few pointers that will help you have a quick and hassle-free experience regarding managing your finances in Greece.

  • Avoid exchanging money at airports and hotels, unless very necessary as these will usually have a poorer exchange rate than ATM's or Banks.
  • Check for the mid-market rates before exchanging currency to know if you are getting a fair rate.
  • While exchanging money, try to give undamaged banknotes of your home currency and get the Euros in a similar state.
  • Carry ample amounts of cash. While credit and debit cards are usually accepted in bigger towns, cash is a safe bet if you are travelling to the remote islands in the Mediterranean Sea.
  • You maybe offered an option to transact your card in the home currency. Decline the same as in such a case, the exchange rate is decided by the Greek Banks rather than your home bank increasing your chances of being swindled.
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