I came across some foreign money not to long ago…Alot like I said about $560,000.00….where and when can I exchange this money for us dollars? I live in michigan…
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December 25th, 2009 at 3:15 am
Assuming that it is current banknotes, check your local yellow pages for currency exchanges. They are listed under ‘Foreign Exchange’ most of the time.
I would venture a guess that at least some of what you have is not current. All Mexico banknotes dated 1991 and earlier are worth 1/1000 of face value (Mexico remonetized in 1993 and 1000 old pesos became 1 current peso). Likewise, Turkey notes dated before 2005, Argentina notes from before 1994, and Brazil notes not denominated in Reais are all obsolete. If you include a list of what you have, I can probably tell you what is current and what is not. Alternatively, each of those countries has a Central bank with a web site that shows which notes are current.
December 25th, 2009 at 3:15 am
Before you get too excited, you need to find out how old the money is and where it is from - some countries inflation rates are quite bizarre. For example I have some Russian notes I brought back from Moscow in 1991. Then I could get a bagful of roubles for ten US dollars. Today the notes are worthless, but have a face value of about 30,000 roubles! In today’s exchange rate that would be over $1000 but at the time they were worth probably less than $10! You may be interested to take a look at my piece on trading foreign currency at http://www.helium.com/items/1165485-foreign-currency-currency-exchange-money-markets-dollar-europoundyen