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All about money

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Money

The currency in the Netherlands today, as in most European countries, is the euro. The currant rate stands at about e 1.00 = $ 1.05. For centuries, the Dutch guilder was our currency.However, most people are used to the euro now and can see the advantages of one European coin. Very few shops, restaurants, etc., accept the € 500 note.Small shops and supermarkets do not accept the € 200 and € 100 notes either. When you pay in cash, the amount is rounded off to the nearest € 0.05. ATM machines (pinautomaten) can be found throughout the centre, and most of them accept the major credit cards. Also, there are a lot of small ‘change’ offices in the centre, which can convert your foreign bills or traveller’s checks into euros. There are many places to change money in Amsterdam. Post-offices usually give the best rates. The GWK at Central Station is also good. Compare rates carefully at the exchange offices in town. Changing your money at hotels is generally an expensive way to change money. The current exchange rates are online. They are in Dutch, but you should be able to decipher them: “Verkoopt” means Sell and “Koopt” means Buy. Warning: many exchange offices, especially “Exchange International” and “Cheque point” (both with several locations), charge a 9-12% commission.
 
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Credit Cards

Credit cards are not as widely accepted here as in many other countries yet, but the situation is improving steadily. Always inquire first if you intend to pay by credit card. You can use Cirrus and Maestro cards to withdraw cash from cash dispensers.
 
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Tipping

Normal practice in Dutch restaurants is for the customer to round up to the nearest euro for small amounts and the nearest 5 for larger amounts. In taxis a 10% tip is customary, but not obligatory. All prices in the Netherlands by law include tax and tips: the price you see is the price you pay.
 
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Tax

When paying tourist tax. You pay city tax if you stay in a town where you are not registered. For example, when staying in a hotel, guest house, caravan or bungalow. Also, if you bring a business visit to a city you have to pay this tax. Tax assessment for local tax The owner of your residence gets the tax bill for tax. For example, the hotel owner or site owner. He may resort tax on to you.