Millions of Brits who travel to Spain every year could face difficulties due to new currency changes, making it harder for them to use up spare Euros from previous trips this summer. A warning has been issued to tourists planning to visit Spain in July about using old or crumpled €50 notes, following the country's central bank's decision to withdraw them from circulation to combat fraud.

From July onwards, only undamaged notes will be accepted in shops, but worn-out notes can be exchanged at bank branches. Holidaymakers might also encounter problems when trying to pay with €500 notes, which officially stopped being produced in Spain in 2016, although a small number are still in circulation.

Due to the currency's association with criminal activity, retailers often refuse to accept them, but they can be exchanged for smaller bills at Spain's central bank branches. However, banks will not exchange intentionally damaged or counterfeit notes.

Brits considering paying with smaller change could also be affected by Spain's currency changes, as there are reports that the country may soon cease minting one and two cent Euro coins, a move already implemented in Ireland, Belgium, and Italy. While these coins would likely remain legal tender, cashiers might become less willing to accept them, and they could eventually be phased out entirely, reports the Express.

Eurozone countries, including Spain, France, Germany, and Portugal, are reportedly considering a measure that would see cash payments rounded to the nearest five cents, potentially signalling the end of small-change currency's circulation worldwide.

EuroWeekly has reported that "The proposal is already on the table and being actively discussed with the European Central Bank," adding, "It's not official yet, but it's becoming increasingly likely that these coins will be phased out across the Eurozone." Meanwhile, Spanish authorities are warning tourists to watch out for scammers employing a €50 trick to dupe victims and steal their belongings.

Police have highlighted a scam where fraudsters place counterfeit banknotes under car windscreen wipers, hoping drivers will leave their vehicles unsecured to investigate, providing an opportunity for thieves to snatch handbags, mobile phones, and even the vehicle itself if the keys are left in the ignition.

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