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Subject:
Converting old currencies into Euros
Category: Business and Money > Finance Asked by: lola907-ga List Price: $5.00 |
Posted:
08 Dec 2005 04:24 PST
Expires: 07 Jan 2006 04:24 PST Question ID: 603091 |
Can I still convert old Italian lire into Euros? If so, how? I found a collection of notes in my drawer! |
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Subject:
Re: Converting old currencies into Euros
Answered By: alanna-ga on 08 Dec 2005 09:35 PST Rated: |
Hi lola907-ga, You're in luck because you can exchange lire banknotes and coins for Euro up until 31 December 2012. To quote the Bank of Italy's own 2001 document: "It will in any case 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." The Bank of Italy (Banco d'Italia) has branches throughout Italy. You may also want to contact one of their foreign branches to see if you can make your exchange there. The exchange deadline information may be found at http://www.bancaditalia.it/banconote_monete/changeover;internal&action=_framecontent.action&Target=_self Click on <Final stage of the changeover to the Euro (pdf 34kb)>, then go to page 4 of the pdf document. Note: If you do not have Acrobat Reader for pdf documents, you may download one free at http://www.adobe.com/products/acrobat/readstep2_allversions.html Search strategy: italian central bank ://www.google.com/search?q=Italian+central+bank+&start=0&start=0&ie=utf-8&oe=utf-8&client=firefox-a&rls=org.mozilla:en-US:official Enjoy your proceeds. alanna-ga |
lola907-ga
rated this answer:
and gave an additional tip of:
$15.00
Responsive to the question, quick and very helpful. Thanks Alanna for your help! |
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Subject:
Re: Converting old currencies into Euros
From: pazevedo-ga on 08 Dec 2005 08:37 PST |
You have 20 years since the euro started circulating to exchange old bills. I'm not sure what the rate will be though, euro has gained value since it started circulating so i'm not sure if banks, and other places where you can make the switch, will take that into account or will just make the exchange at the initial value. |
Subject:
Re: Converting old currencies into Euros
From: pazevedo-ga on 08 Dec 2005 10:28 PST |
The answer is interesting, i was under the impression the time was all the same across Europe, in Portugal we get 20 years. |
Subject:
Re: Converting old currencies into Euros
From: indistinguishable-ga on 08 Dec 2005 12:42 PST |
it differs per country, it's determined by the national banks. |
Subject:
Re: Converting old currencies into Euros
From: owain-ga on 09 Dec 2005 08:41 PST |
The value of the Euro has changed against the US dollar (and other currencies) but not against the pre-Euro currencies, which were all pegged to a fixed exchange rate to the Euro. |
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