MBA Italy

Money & Finance



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Italy is part of the Eurozone, so the Euro (€), is legal tender in Italy. The Euro is divided as follows: bills of 5, 10, 20, 50, 100, 200, 500; coins of 1, 2, 5, 10 Euros, 20 and 50 cents. The notes are different form each other by size and color. The currency used before the Euro was the Lira (still in circulation until 28 February 2002).

You can obtain Euros in any bank, ATM machines or exchange office (Ufficio di cambio) at airports, seaports and railway stations in the main cities.


Banking in Italy & Transfers of money
Italyís banking system is similar that in other European countries. The central bank is The Bank of Italy (Banca díItalia) and it is owned by the public sector...


Taxes
Italy is not the exception at the moment to pay taxes. Everyone residing legally in Italy, Italian or foreigner, is subject to taxes. The Italian tax system is considered among the most complicated in the world....


Mortgages
In the last years, the mortgage market in Italy has grown significantly, although it is not as well populated as it is in the UK...



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