Lira and Euro Exchanges

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Old Jan 1st, 2004 | 11:02 AM
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Lira and Euro Exchanges

Ha! Ha! Ha! Oh, my gosh! I made a mistake on my last question and a few of you had fun with it. I meant to ask if I could still get US dollars for an amount of 131,000 Lira, and where I could make this exchange? Also, I have 395 Euros and wondered the same thing about them.
Ron and Ira had me cracking up. I laughed so hard.
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Old Jan 1st, 2004 | 11:25 AM
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If you are going to Europe anytime soon, I would save those Euros. You probably got them at a great exchange rate.
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Old Jan 1st, 2004 | 01:27 PM
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That's the truth, I somehow ended up with about 500 euro when I came home last July. Rather than cash them in I decided to keep them for my trip this next summer. They're in my safe deposit box presently earning more for me than any of my other investments!!
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Old Jan 1st, 2004 | 03:10 PM
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It will be possible to exchange lira
banknotes and coins free of charge at the branches
of the Bank of Italy for a period of 10 years, i.e.,
until 1 March 2012.
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Old Jan 1st, 2004 | 06:52 PM
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ron
 
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Princess, trying to be more helpful this time, if I was in your situation, and I planned never to return to Europe and I couldn't find anyone to sell to who was planning to go to Europe, I would take the money to a local foreign exchange dealer. They would give me about US$30 for the lira and US$489 for the euro. Perhaps you live in or near a city that has a similar facility?
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Old Jan 1st, 2004 | 07:07 PM
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The lira used to be about 1900 or so to the $$$. At 2000 lira to the dollar, should be about $65.00, give or take a couple of bucks.
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Old Jan 1st, 2004 | 07:20 PM
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Actually 131,000 lira is equal to 67.66 euro. That's about $ 54.00.

I guess you're talking about doing these conversions in the US? Not sure where you'd cash in the euro in the US, but you can still do them at a National Bank of Italy in Italy.
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Old Jan 1st, 2004 | 07:28 PM
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Correction. I meant "not sure where you'd cash in the lira in the US". You can cash in the euro for dollars at most major banks. Just don't expect a lot for them.
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Old Jan 1st, 2004 | 07:34 PM
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Patrick, please check out your math vis a vis Euro/$$ conversion at current rate.
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Old Jan 1st, 2004 | 08:58 PM
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Thanks everyone for being so helpful. We'd love to return to Europe, but don't know when.
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Old Jan 2nd, 2004 | 03:58 AM
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ira
 
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Hi Princess,

Hold on to your lire and euros for another month. The euro should get closer to $1.30
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Old Jan 2nd, 2004 | 05:55 AM
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Duh, OK Budman, so used to doing dollars to euro, I went backwards. Yes, the 67.66 euros are worth $ 85 dollars. I wish I could get 67 euro for $54.
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Old Jan 2nd, 2004 | 06:21 AM
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ron
 
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Princess, if you can't find a local solution, you could courier your money to Accu-Rate Corporation, who will send you a cheque or make a direct deposit to your account, see http://www.accu-rate.ca/html/english...ss/selling.cfm

Incidentally, Accu-Rate will buy any of the non-circulating but still legal tender pre-euro currencies at about 50% of the rate you would get if you sold them to the respective national banks in Europe.
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