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Country Guide > Europe > Luxembourg | |
Single European currency (Euro) Single European currency (Euro): The Euro is now the official currency of 12 EU member states (including Luxembourg). The first Euro coins and notes were introduced in January 2002; the Luxembourg Franc was completely replaced by the Euro on 28 February 2002. Euro (¬) = 100 cents. Notes are in denominations of ¬500, 200, 100, 50, 20, 10 and 5. Coins are in denominations of ¬2 and 1, and 50, 20, 10, 5, 2 and 1 cents. Currency exchange Foreign currencies, travellers cheques and cheques can be exchanged at banks, bureaux de change, the airport, railway stations, the post office and major hotels (generally at a less advantageous rate). Credit & debit cards American Express, Diners Club, MasterCard, Visa and others are all widely accepted, as well as Eurocheque cards. Many retailers require a minimum (eg ¬10 to 25) before accepting credit/debit cards. Check with your credit or debit card company for details of merchant acceptability and other services which may be available. Travellers cheques Widely accepted. To avoid additional exchange rate charges, travellers are advised to take travellers cheques in Euros, Pounds Sterling or US Dollars. Currency restrictions There are no restrictions on the import and export of either local or foreign currency. Exchange rate indicators The following figures are included as a guide to the movements of the Euro against Sterling and the US Dollar:
Banking hours Generally Mon-Fri 0900-1200 and 1400-1600, but may vary greatly. |