Faroe Islands

Money & costs

Money

Faroese króna are worth exactly the same as Danish krone (Dkr) and both can be used interchangeably. Technically the same is true throughout the Kingdom of Denmark. However in mainland Denmark some shops refuse Faroese money so play safe and swap any remaining Faroese cash to Danish before departure.

Bigger branches of Føroya Banki and Føroya Sparikassi change travellers cheques and major foreign currencies and have multi-card ATMs (6am-midnight). Outside banking hours, hotels and tourist information offices usually exchange money, albeit at poor rates.

Foreigners spending over Dkr300 in shops marked ‘Tax-free’ can claim back the 25% VAT: fill in a Tax Refund Cheque in the shop and get it stamped by the sales clerk. On departure from the Faroes be prepared to show your purchases to customs who should re-stamp the cheque. Collect your refund at the airport’s Flogfelag Føroya desk or on board the Norröna ferry.

Tipping isn’t customary.