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Finland and Exchanging Currency The euro is denominated as (or EUR). Notes are valued in 5, 10, 20, 50, 100, 200, and 500 euro, while coins are valued at 5, 10, and 20, 50 cents, and 1 and 2 euro. The 1 and 2 cent coins used by other eurozone countries were not adopted in Finland.
Banknotes and Coins Issuance of 500 notes was discontinued in January 2019, but they remain legal tender in the euro area. The coins are issued as 5, 10, 20 and 50 cents, and 1 and 2.
Finland is the 8th most expensive country in Europe Nowadays, Finns pay more for alcohol, restaurant visits, and hotel stays than other Europeans whereas electricity and communications services are cheaper, KYLE reports.
The Finnish Markka was replaced in 2002 with the euro, making Finland the only Nordic country to join the European single currency. The Markka is now out of circulation and the Euro is the only form of legal tender in Finland. ... Each EU country has its own coins, but they can be used in any of the EU countries.
Bank branches are on the decline in Finland and so are ATMs. It's not a big deal because card payments are so widely accepted, but if you want to spend cash, it's probably best to withdraw plenty before you start your journey. All ATMs are run by the same network, Otto.
Using Credit Cards and Debit Cards in Finland Visa, Mastercard, American Express and Diner's Club Cards are all widely accepted in Finland. Using credit and debit cards is the most popular way of paying for goods and services in the country, so it's a good alternative to cash or check.
The euro is now one of the world's most powerful currencies; 19 of 28 EU member countries have adopted the euro as their common currency and sole legal tender. So far, the Finnish economy performed relatively well after joining the EU.
Your ATM debit card can be an easy, cheap way to get cash in Europe. Bank exchange rates (1 percent to 3 percent) and transaction fees (up to $5) can be far lower than using credit cards or traveler's checks. But there are other reasons: European ATMs are easy to use and there are lots of them.
Start your transfer. Pay in USD with your debit card or credit card, or send the money from your online banking. Get the best rate out there. TransferWise always gives you the real and fair mid-market exchange rate. Money is locally delivered.
Finland and the euro. Finland joined the European Union in 1995 and was one of the first countries to adopt the euro on 1 January 1999.
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