Since 2001, the currency used in Italy is the euro. One euro is divided up into 100 euro-cents. There are eight different coins (1, 2, 5, 10, 20 and 50 euro-cents) and seven notes (5, 10, 20, 50, 100, 200 and 500 euros).
As well as in cash, purchases can be paid for using the most common credit cards. This payment system is common in Italian shops, which generally display the symbols of the credit cards they accept on the outside door. If you pay by credit card you will be asked to show an identity document. Travellers cheques (in USD or Euros) can also be cashed in Italian banks.
Tips are not compulsory and in Italy there are no generally established rules, although it is common practice to leave a sum amounting to around 10% of the bill if you are satisfied with the service you have received.
In Italy exist eight type of different metallic money (1, 2, 5, 10, 20 and 50 cents and 1 and 2 euros) and seven banknotes (5, 10, 20, 50, 100, 200 and 500 euros).