1. edamame
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    edamame Contributing Member Contributor

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    What to do with foreign currency?

    Discussion in 'The Lounge' started by edamame, Mar 6, 2016.

    A relative recently visited and left me some foreign currency (worth less than $20USD) in cash. What should I do with it? Can I get it exchanged into USD at an exchange place or is there a way to just deposit it into my bank account? Thoughts on what's most convenient for a small sum?
     
  2. GingerCoffee
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    GingerCoffee Web Surfer Girl Contributor

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    Most currency exchanges won't take small amounts and most don't take coin. But if I recall, there may be a few banks that do, not all of them though, you'd need to call and ask. Otherwise, put it in the drawer as a keepsake.
     
  3. Earp
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    Earp Active Member

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    For that amount, I'd just keep it, but there's a coin dealer near here who will trade currency (for a fee). There may be one near you.
     
  4. chongjasmine
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    chongjasmine New Member

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    For me, I will just keep it as a collection.
    Most currency exchange traders won't bother with such small sum.
     
  5. Robert Musil
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    Robert Musil Contributing Member

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    Depends also on what currency you're talking about. I live in a major, cosmopolitan city and yet I can't for the life of me find anyone who will trade me dollars for all the Kyrgyzstani som I have lying around.
     
  6. KhalieLa
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    KhalieLa It's not a lie, it's fiction. Contributor

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    Keep it around and let small children take it to school for show and tell. I've got a $250 Iraqi dinar note with Saddam Hussein's picture on it that keeps floating around the house. With any luck it will be worth something some day.
     
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