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Money
Single European currency (Euro): The Euro is now the official currency of 12 EU member states (including Austria). The first Euro coins and notes were introduced in January 2002; the Austrian Schilling was in circulation until 28 February 2002, when it was completely replaced by the Euro. Euro (€) = 100 cents. Notes are in denominations of €500, 200, 100, 50, 20, 10 and 5. Coins are in denominations of €2, 1 and 50, 20, 10, 5, 2 and 1 cents.
Currency exchange: Foreign currencies and travellers cheques can be exchanged at all banks, savings banks and exchange counters at airports and railway stations at the official exchange rates.
Credit & debit cards: Most major credit cards and Eurocheque cards are accepted in large cities and tourist areas. However, credit and debit cards are less widely accepted in Austria than they are in the USA or the UK and some smaller hotels may require bills to be paid in cash.
Travellers cheques: These are widely accepted. To avoid additional exchange rate charges, travellers are advised to take travellers cheques in a major currency (Euros, US Dollars, Pounds Sterling).
Currency restrictions: No restrictions except for export of more than €7267.28, for which a permit is required.
Exchange rate indicators
The following figures are included as a guide to the movements of the Euro against Sterling and the US Dollar:
| Date | May ’02 | Aug ’02 | Nov ’02 | Feb ’03 | | €1= | £0.63 | £0.64 | £0.63 | £0.68 | | €1= | $0.92 | $0.97 | $1.00 | $1.08 |
Banking hours: Banks in Vienna are open Mon-Wed and Fri 0800-1230 and 1300-1500; Thurs 0800-1230 and 1330-1730 (head offices do not close for lunch). Different opening hours may be kept in the various Federal Provinces. The exchange counters at airports and at railway stations are generally open from the first to the last flight or train, which usually means 0800-2200 including weekends.
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