http://www.myylt.com/2009/12/25/i-have-alot-of-foreign-money-and-the-us-converter-says-that-i-have-about-560000-in-worth-in-usd-currency/ Discussion of Forex Trading and Currency Trading Wed, 23 May 2012 14:42:27 +0000 http://wordpress.org/?v=2.3.3 http://www.myylt.com/2009/12/25/i-have-alot-of-foreign-money-and-the-us-converter-says-that-i-have-about-560000-in-worth-in-usd-currency/#comment-21187 I. B. Zoxx Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/12/25/i-have-alot-of-foreign-money-and-the-us-converter-says-that-i-have-about-560000-in-worth-in-usd-currency/#comment-21187 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. 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.

]]> http://www.myylt.com/2009/12/25/i-have-alot-of-foreign-money-and-the-us-converter-says-that-i-have-about-560000-in-worth-in-usd-currency/#comment-21188 eat my shorts Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/12/25/i-have-alot-of-foreign-money-and-the-us-converter-says-that-i-have-about-560000-in-worth-in-usd-currency/#comment-21188 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 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

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