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San Marino (Euro)
San Marino officially uses the Euro as the local currency having introduced Euro notes and coins at the beginning of 2002 to replace the Italian lira. The Euro is divided into 100 cents.
Currency regime
The Euro floats against the other major currencies with the European Central Bank (ECB) targeting inflation rather than the exchange rate, although intervention will be considered in exceptional circumstances.
Commercial rates
As at March 16th 2006, the Euro was trading around 1.2130 against the dollar and 0.6925 against Sterling (1.444 for Sterling/Euro)
Tourist rates
On March 16th 2006 the Euro was trading around 1.406 against Sterling. For 1 UK pound you will, therefore, receive around 1.406 Euros. You may also see the rate quoted in terms of Euro/Sterling rather than Sterling/Euro giving a rate of around 0.711.
Travellers cheques should be taken in Euros.
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