CURRENCY AND FORM OF PAYMENT
The official currency of the Canary Islands is the Euro. If you arrive with other currencies, there is a large number of exchange bureaus and banks where you can exchange money. Many hotels also offer this service.
You will also find automatic tellers everywhere on the islands. Most shops accept payment by credit card, although many of them will not accept American Express.
In urban areas the shops are usually open Monday to Saturday from 9am until 8:30pm, depending on the type of business. Many shops close on Saturday afternoons or at lunchtime but shopping centres remain open between 10am and 10pm.
If you are visiting tourist areas, businesses are open every day of the week.
The Canary Islands have an economic and tax regime that is different to the rest of Spain and is recognised in the Spanish Constitution. Sales tax is much lower than in the rest of Europe (7%), which means a considerable reduction in price for most products.