Madeira banks & currency
The official currency of Madeira is the euro (EUR). The euro is divided into 100 cents and is accepted throughout the island. There are many banks in Madeira that offer services such as international transfers, money exchange, and banking facilities. The most popular banks in Madeira are BANIF, BPI, Millennium BCP, and the Caixa Geral de Depósitos. The Euro is the currency of the Economic and Monetary Union and was adopted by 11 state-members from the European Union on the 1st of January 1999: Portugal, Belgium, Germany, Spain, France, Ireland,…
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