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Money and Shopping in Finland


Money and Shopping in Finland

Finland has the euro (EUR, ?) as its currency. Therewith, Finland belongs to the 23 European countries that use the common European money. These 23 countries are: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia and Spain (official euro members which are all European Union member states) as well as Andorra, Kosovo, Monaco, Montenegro, San Marino and Vatican which use it without having a say in eurozone affairs and without being European Union members. These countries together have a population of 327 million. One euro is divided into 100 cents. While each official euro member (as well as Monaco, San Marino and Vatican) issues its own coins with a unique obverse, the reverse as well as all bills look the same throughout the eurozone. Nonetheless, every coin is legal tender in any of the eurozone countries. Finland does not use the 1 and 2 cent coins; instead all sums are rounded to the nearest 5 cents. The coins are, however, still legal tender and there are even small quantities of Finnish 1c and 2c coins, highly valued by collectors. It is common to omit cents and the euro sign from prices, and use the comma as a decimal separator: "5,50" thus means five euros and fifty cents. The Finnish mark (FIM) is now obsolete, but if you find a stash in your closet, the Bank of Finland will redeem them until February 29, 2012. Getting or exchanging money is rarely a problem, as ATMs ("Otto") are common and they can be operated with international credit and debit cards (Visa, Visa Electron, Mastercard, Maestro). Currencies other than the euro are generally not accepted, although the Swedish krona may be accepted in Åland and northern border towns like Tornio. Pre-2002 Finnish mark notes may be accepted on an ad-hoc basis and can be exchanged into euros at Bank of Finland branches until 2012. Money changers are common in the bigger cities (the Forex chain is ubiquitous) and typically have better rates, longer opening hours and faster service than banks. Credit cards are widely accepted, but you will be asked for identification if you purchase more than €50 (and may be asked to show it even for smaller purchases). Visa Electron and Visa Debit cardreaders are found in all major and most minor shops, so carrying large amounts of cash is not usually necessary. As a rule, tipping is never necessary in Finland and restaurant bills already include service charges. That said, taxi fares and other bills paid by cash are are occasionally rounded up to the next convenient number. Cloakrooms (narikka) in nightclubs and better restaurants often have non-negotiable fees (usually clearly signposted, ?2 is standard), and ? in the few hotels that employ them ? hotel porters will expect around the same per bag.

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Finland Travel Guide from Wikitravel. Many thanks to all Wikitravel contributors. Text is available under Creative Commons Attribution-ShareAlike 3.0, images are available under various licenses, see each image for details.

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