Currency of San Marino: Euro

Who Issues San Marino's Money

The Euro (EUR) has an official role in San Marino even though the issuing authority sits outside the country. Two useful identifiers are the symbol € and ISO numeric code 978. A formal monetary agreement provides the legal basis for this use of the external currency. The country also issues locally distinctive supplementary coins within that broader currency system.

For San Marino, the underlying Euro comes from the external monetary system associated with European Central Bank. San Marino uses that currency as legal tender without creating a separate national series of EUR banknotes. A monetary agreement defines the formal relationship and any national coin rights.

Exchange Rate for EUR

When Euro (EUR) is converted for use in San Marino, the displayed reference rate is a benchmark rather than a guaranteed transaction price. The date of the observation and any provider margin both affect how the figure should be interpreted. The page uses Central Bank of the Republic of San Marino for the institutional currency context.

Banknotes and Coins