Italian Currency and Banking

TEFL Trainees / ESL Teachers

Candidates coming for TESOL course in Italy should take into account the following points.

Since 2002, Euro has replaced Lira as the currency of Italy. US dollar can be exchanged into Euro at the banks and with authorized agents. One Euro is equal to 100 cents. The Euro notes in circulation are of denominations 5, 10, 20 ,50, 100, 200 and 500. The coins are denominations 1 cent, 2 cents, 5 cents, 10 cents, 20 cents, 50 cents, 1 euro and 2 Euros.

The visitors to this country can also come with the traveler’s cheques and exchange it in the banks, hotels or airports. The credit and debit cards, which are widely accepted in Italy, are MasterCard, Diners Club and Visa.

Banking can be fairly easy for TESOL students in Italy. There a number of international banks in Italy and each have its own ATMs. It is even possible to withdraw foreign currency from Italian ATMs.

Some of the major Italian banks are:

• Nuova Banca di Credito di Trieste
• Credito Italiano
• Bank of Italy
• Cassa di Risparmino di padova e Rovigo
• Banco di Napoli
• Cariplo
• Banca nazionale del Lavoro
• Banca di Roma

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