FAQ – Does Venice have its own currency?

Venice is one of Europe’s most iconic cities, steeped in history and culture and boasting a unique culture, architecture, and cuisine. But one of the questions often asked by visitors is “does Venice have its own currency?’The short answer is that Venice has not had its own currency since the 18th Century and currently uses the Euro as its currency – but it is not as straightforward as that.

Historical Currency of Venice

Venice has had a close entwinement with coins and currency since its beginnings as a major maritime power in the 8th Century. Throughout its imperial years, Venice had its own currency, which was derived from the Carolingian dinar in use across the Mediterranean and Middle East at that time. These coins, minted in Venice, were stamped with the snails and stars featured on the Doge’s flag – the symbol of Venice.In the 13th Century, the Doge introduced a gold coin – called the ducato or zecchino – which became an important force within Europe’s economy. This approach to money lasted until 1797, with further coins accumulating throughout this period to become referred to as sovereigns and vettorini. On top of coins, some regions of Venice, renowned for their banking prowess, accepted paper currency as early as the 16th Century.

Napoleonic rule of Venice

In 1797, Napoleon Bonaparte invaded Italy and seized Venetian lands. The “Risorgimento’ rebellion of 1848-49 ended Napoleon’s control and resulted in the loss of Venetian sovereignty. Consequently, Venice was annexed by Lombardy and other foreign entities, thereby ending Venetian power over its own currency.

Currency changeover from venetian lira to euro

In 1861 Lombardy was unified into the Kingdom of Italy and all Venetian currency was officially discontinued. A new Italian lira replaced the Venetian version and was Italy’s official currency until 2002. In that year, Italy joined the European Monetary Union which instigated the changeover from Italian lira to euro throughout 2002 and 2007. The euro has since been the officially recognised currency in Venice.

Impact on Venice of changing currencies

One of the issues facing the decline of local currencies is the impact on tourism. While many countries have seen stabilisation in their economies due to joining with Europe’s single currency, they have also felt a decline in their tourism industry. This is because visitors are not able to benefit from local rates when buying souvenirs or local products – as tourists often do when travelling to a new country – as their own currency may not be depreciated against their own. This has had an indirect effect on many shopkeepers and local businesses in tourist towns such as Venice, where there is no longer an exchange rate benefit for tourists. While this may have an effect on local trade, it is important to note that shoppers in Venice have more purchasing power than ever before because they can now pay with a universally accepted currency. As a result, local businesses have enjoyed an increase in cross-border trade with customers from all corners of Europe who have access to local prices and products due to their use of euro. In conclusion, Venice no longer has its own currency but currently uses the Euro as its official currency. This has resulted in an increase in cross-border trade opportunities for local businesses and a decrease in tourist expenditure as visitors no longer benefit from exchange rate advantages when buying souvenirs or local products. For further information about using Euro currency in Venice please visit: Using Euro in Venice – venice-guide-italy.com

An Insider’s Guide to Venice, Italy

Venice, the city of canals and gondolas, is one of the most enchanting and romantic cities in the world. Its unique architecture, rich history, and waterways make it a must-visit destination. While landmarks like St. Mark’s Square and the Rialto Bridge are not to be missed, there are many lesser-known spots that only locals know about. Here’s our insider’s guide to Venice, Italy.

Local attractions: Hidden gems

While the grandeur of St.Mark’s Basilica and Doge’s Palace are breathtaking, the narrow alleyways and canals of Venice also hide some lesser-known gems. The Dorsoduro district is a local favorite with picturesque squares, magnificent palaces, and fabulous art galleries. In the Cannaregio district, the old Jewish quarter is filled with hidden gems such as the Ghetto Gates, the Jewish Museum and the Ponte delle Guglie. For a more tranquil escape, the island of Giudecca offers stunning panoramic views of Venice’s skyline.

Dining spots: Local cuisine and history

Venice’s culinary scene is steeped in history, and the flavors of the Venetian lagoon are not to be missed. Try cicchetti, the Venetian version of tapas, at the historic Do Mori bar near the Rialto Bridge. Seafood lovers will appreciate Venissa, situated within a walled vineyard on the island of Mazzorbo, and Trattoria al Gatto Nero, a charming restaurant set in the fishing village of Burano. End your meal with a glass of spritz, Venice’s traditional aperitif made from Prosecco, Campari, and soda water.

Cultural experiences: Traditions and festivals

Venice boasts a rich cultural heritage with vibrant celebrations throughout the year. The famous Carnival, held in February, is a unique and colorful celebration with costumes, masks, and parade floats. In September, the Historical Regata brings together centuries-old boats and gondoliers, while La Biennale di Venezia, an international exhibition of contemporary art, architecture, and cinema, is held every two years in locations throughout the city.

Local history: Captivating stories

Venice’s rich history is full of fascinating stories. The Venetian Republic was an independent state for over a thousand years, and its influence extended across the Mediterranean. The story of Marco Polo, the Venetian merchant traveler, who introduced Venice to the Silk Road, is one such tale. The Bridge of Sighs, a beautiful baroque bridge that connects the Doge’s Palace to the prison, takes its name from the prisoners who would sigh as they caught their last glimpse of the city before being taken to their cells.

Off-the-beaten-path suggestions: Unique experiences

Venice offers many unique and unforgettable experiences that go beyond the conventional tourist spots. Take a gondola ride at dawn when the city is still asleep and the canals are shrouded in mist. Visit the Scuola Grande di San Rocco, an opulent building filled with painted masterpieces. Wander the labyrinth of alleys in Castello and discover hidden courtyards, local bakeries, and traditional artisans. For a stunning view of the city, take the elevator to the top of the Campanile di San Marco, the imposing bell tower in St. Mark’s Square.

Venice is a city rich in history, with something for everyone. Whether you’re a first-time visitor or a frequent traveler, use our insider’s guide to experience the city like a local and discover its hidden gems.