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In 2002, Spain adopted the Euro as its currency (1 Euro = 100 Euro cents). Notes and coins are available in Spain in the following denominations:
1/2/5 cent coins - depicting Santiago de Compostela cathedral
10/20/50 cent coins - featuring the author Cervantes (Don Quijote)
1 and 2 Euro coins - bearing an image of King Carlos I
5/10/20/50/100/200 and 500 Euro notes (there are no Spanish designs on Euro notes - all notes are the same throughout Europe)
Since the Euro was introduced and prices rounded up to the nearest Euro, Spain has felt an increase in the cost of living. However, it is still perceived as one of the less expensive European countries, though property prices in the larger cities are high in comparison with earnings.
The following gives a rough guide to some everyday living expenses in Spain:
Electricity - 35-40 Euro a month for 2 people
Eating out - average restaurant bill per person 12 Euro
Drinks - glass of beer or wine in a bar 1-2 Euro
Telephone - flat fee of 25 Euro per month, plus calls
Good coffee - a bargain at 1 Euro or less in many cafes!
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