What is the currency of Andorra? Euro (EUR or €) is the official currency of Andorra. Principality has historically lacked an official currency. Until the introduction of the Euro in Spain and France, the Spanish peseta and the French franc were the de facto currencies used in the Principality. On January 1, 2002, Euro coins began circulation in Andorra.
On July 15, 2003, Andorra formally requested a monetary agreement with the European Union, and in August 2004 the Council of the European Union recommended the start of negotiations, which finally took place in October of the same year. On June 30, 2011, a monetary agreement was signed allowing Andorra to officially use the Euro as well as mint its own Euro coins as of July 1, 2013, in exchange for the signing of the Multilateral Memorandum of Understanding of the International Organization of Securities Commissions on Consultation, Cooperation, and Exchange of Information.
Following the Andorran ratification of the monetary agreement, it entered into force on April 1, 2012. In October 2012, the Andorran authorities postponed the issuance of Euro coins until 2014. Finally, Andorra’s first Euro coin issuance took place in December 2014.
Traditionally, Andorra issued special series of coins called “diners”, which were not legal tender but exclusively for collecting purposes.
Currency Exchange in Andorra
If you are coming from a country where Euro is not in use, you can go to any bank office to exchange currency. In Andorra, cash payments in Dollars, Pounds, or other foreign currencies are not usually accepted.
Banks in Andorra
Andorra has an extensive network of bank offices and ATMs where you can carry out any administrative procedure. There are five Andorran banking entities:
All cities in Andorra have bank offices and ATMs for cash withdrawals. The usual hours of operation are Monday to Friday, 9:00 am to 5:00 pm. Many of them remain open during midday, although they are closed on weekends. However, we advise you to visit the website of each bank to learn more about their opening hours.
You can withdraw money from Andorran banks with the most commonly used bank cards, debit, and credit, such as Visa, MasterCard, and American Express, among others. If you have any specific questions about how the banking system works, visit the official website of the Associació de Bancs d’Andorra.
What are the Prices in Andorra?
Planning your trip to Andorra? Knowledge of the prices in Andorra will help you to have better control of your budget. Below, we present a list of prices of basic products in Andorra in Euro.
- Bottle with water 330 ml (33 cl): €1,40
- Domestic beer 330 ml (33 cl): €2,00
- Imported beer 330 ml (33 cl): €2,50
- Economic menu of the day: €12,50
- 1 liter of gasoline: €1,05
- Public transport ticket one way: €1,80
Andorra’s Euro Coin Design
In March 2013, a public competition was called for the design of all Andorran Euro coins except the 2 Euro coin, which was to feature the image of the Andorran coat of arms. Designers had to submit proposals for the 1 Euro coin under the theme of the Casa de la Vall; for the 50, 20, and 10 cent coins, the theme was the country’s Romanesque art; and for the 5, 2, and 1 cent coins, the theme could revolve around landscapes, nature, fauna, and flora typical of the country. The twelve stars that define Europe were to surround the entire design. The year of issue and the name of the state were also to appear.
In May 2013, the winning designs were presented:
- 1, 2, and 5 cent coins included the image of a chamois with a bearded vulture in the background
- 10, 20, and 50 cent coins included the Pantocrator of San Martín de la Cortinada and the Romanesque church of Santa Coloma
- 1 Euro coins incorporated the Casa de la Vall.
However, in August 2013, the elimination of the Pantocrator of St. Martin on the 10, 20, and 50 cent coins was announced due to the request of the European Commission to maintain the principle of religious neutrality. The 10, 20, and 50 cent pieces would bear only the image of the bell tower of the church of Santa Coloma.
The Andorran Euro coins were officially issued on December 23, 2014, when they were offered for sale at face value to Andorran citizens and residents, as of January 15, 2015, to all other interested parties.
Euro Collector Coins from Andorra
Coins minted for collector purposes are governed by guidelines issued by the European Commission. These are only legal tender in the issuing country and must be clearly distinguishable from those intended for circulation. Andorra started minting them in 2018 and has pieces in gold and silver. Coins motifs are of national and international importance.
Cryptocurrency in Andorra
In 2020, the Government of Andorra has approved the Draft Law to amend the law on electronic trust services. The new regulation should boost digital technologies, such as blockchain in Andorra, and certify the digital identity of individuals.
Law 35/2014 on trust services includes elements, such as digital signatures, certificates, electronic authentication seals, or identity verification for e-residency and digital nomad visa. Due to the emergence of new technologies, especially those of distributed registration, the modification of the regulation has been prompted.
At a government press conference, the Secretary of State for Economic Diversification and Innovation, Marc Galabert, has advanced that this modification will allow establishing the basis for the general regulation of blockchain. Creating a legal framework for the development of sectoral legislation based on blockchain technology is the main objective of this bill.
The COVID-19 pandemic disrupted face-to-face procedures. Therefore, the Draft Law also introduces the possibility of requesting the issuance of electronic certificates with a non-face-to-face identification.
Currency in Andorra: FAQ
Does Andorra Belong to the European Union?
When you learn that Andorra's official currency is the Euro, you probably ask yourself this question: When did Andorra join the European Union? Andorra is not actually a member of the EU, despite the fact that the Euro is the currency used there.
Why Euro is Andorra's Currency?
In fact, Andorra is not the only country or micro-state with this peculiarity. In order for Andorra's official currency to be Euro, the country had to reach an agreement with the EU.
Is it Better to Pay by Card or in Euro Cash?
The differences are not really many, you can pay with a credit/debit card or with Euros, the official currency in Andorra. However, it is good to carry enough cash. The most commonly used cards are Visa and Master Card.In the ATMs of the Andorran banks, you can withdraw money, however, this operation usually carries a commission. These fees are established by your bank, thus find out beforehand about the charges for withdrawing money abroad.In the EU, when paying by credit or debit card, merchants and banks cannot charge you fees ("surcharges") just for using a particular card. But remember that Andorra does not belong to the EU, so before you accept a purchase, your card issuer, your bank, the merchant, must advise you of any fees.Also, keep in mind that payment cards cannot be used everywhere. There are different cases in which it is better to carry cash. Do not be short of money if you are going to pay for example the cab service or in commercial establishments for purchases of small value.