Italy, located in southern Europe, is part of the Eurozone, a group of European countries that have adopted the “Euro” as their common currency. The Euro symbol is “€,” and its currency code is “EUR.”
The Euro is managed and regulated by the European Central Bank (ECB) and the Eurosystem, which is responsible for maintaining its stability and proper circulation throughout the Eurozone.
The Euro has simplified cross-border trade and travel within Europe, as it eliminates the need for currency exchange when traveling between Eurozone countries. It has also increased economic integration among European nations.
The Euro is widely accepted for all types of transactions in Italy, from buying a cup of espresso to conducting major business deals.