Saturday, September 18, 2021

Money & Shopping in Estonia

EuropeEstoniaMoney & Shopping in Estonia

Currency

The Estonian currency is the euro. It is one of many European nations that utilize the Euro. All euro banknotes and coins are legal tender across the EU.

One euro is made up of 100 cents.

The euro’s official sign is €, and its ISO code is EUR. The cent does not have an official symbol.

  • Banknotes: Euro banknotes are designed the same way in all nations.
  • Normal coins: Every eurozone country issues coins with a unique national design on one side and a standard common design on the other. Coins, regardless of design, may be used in any eurozone nation (e.g. a one-euro coin from Finland can be used in Portugal).
  • Commemorative two euro coins: These vary from regular two-euro coins solely on their “national” side and are freely circulated as legal currency. Each nation may make a specific number as part of their regular coin manufacturing, and “European-wide” two euro coins are sometimes minted to mark exceptional occasions (e.g. the anniversary of important treaties).
  • Other commemorative coins: Commemorative coins of larger denominations (e.g., ten euros or more) are considerably uncommon, feature completely unique designs, and often contain significant quantities of gold, silver, or platinum. While they are legally legal currency at face value, their material or collector value is typically considerably greater, and as a result, they are unlikely to be in real circulation.

Banking

ATMs and currency exchange offices (valuutavahetus) are common. You will obtain the greatest exchange rates if you exchange only after arriving in Estonia. Avoid exchanging money at the airport or port since the exchange rates are cheaper.

Tipping

Tipping became popular in Estonia just after the country regained its freedom, thus it isn’t usually expected. In restaurants, a 10% tip is typically included to the bill, while taxi drivers often retain the change. Some restaurants and bars feature a jar or box on the counter labeled ‘Tip’ where customers may place their spare coins.

Costs

Estonia is usually less expensive than Western Europe, although it is no longer the bargain cellar it was in the 1990s, and costs in touristic regions may be comparable to Scandinavian levels.

A bottle of local beer (0.5L) costs about €1 in stores and €2.5-3.5 in a small bar in July 2012.