Just yesterday, I went to a tobacco shop in Madrid to pick up some stamps... she gave me 6 pesetas as change, which is three Eurocents. Is that even legal?
-Thanks in advance
University is time consuming, cherish your free time!
Pre-Euro currencies are no longer legal tender, but as long as you agree to take the peseta's as change, there's nothing illegal about it. In some countries you might even get candy or chewing gum for change.
Pre-Euro currency notes can still be exchanged for Euro at the respective national banks. Coins can no longer be exchanged, but I think that collectors will still pay for them around the official exchange rate.
I've heard that pesetas are accepted in some stores since they are forever exchangable for euros. I never heard of anyone actually getting pesetas in exhange. I think it's interesting and hopefully it means I can spend all the old pestetas I have lying around next time I'm in spain.
Verweis : ArnoVPre-Euro currencies are no longer legal tender, but as long as you agree to take the peseta's as change, there's nothing illegal about it. In some countries you might even get candy or chewing gum for change.
Pre-Euro currency notes can still be exchanged for Euro at the respective national banks. Coins can no longer be exchanged, but I think that collectors will still pay for them around the official exchange rate.
This is not universally true. Most pre-euro currencies can no longer be exchanged neither as notes nor coins. Notable exceptions are Austrian schilling, Deutche mark and Spanish pesetas which allow both notes and coins to be exchanged for euros.
This can also be done with old English shillings and 2 shillings 25p crowns old large 5 & 10 pences, although you cannot exchange them you can still bank them if you have an account.
Verweis : tony_k_1965This can also be done with old English shillings and 2 shillings 25p crowns old large 5 & 10 pences, although you cannot exchange them you can still bank them if you have an account.
Is this true? I was wondering what to do with all my outdated UK currency, I guess this would be a solution.
What you should do is go back to the same shop and try to spend the old currency. If they accept it then all is fair but if they don't then refuse to accept it in the future and only take euros as change.
Verweis : Walder CoinsWhat you should do is go back to the same shop and try to spend the old currency. If they accept it then all is fair but if they dont then refuse to accept it in the future and only take euros as change.
Lol, I don't think I'm going to visit Spain... ever... again.
University is time consuming, cherish your free time!
Verweis : ArnoVPre-Euro currencies are no longer legal tender, but as long as you agree to take the peseta's as change, there's nothing illegal about it. In some countries you might even get candy or chewing gum for change.
Pre-Euro currency notes can still be exchanged for Euro at the respective national banks. Coins can no longer be exchanged, but I think that collectors will still pay for them around the official exchange rate.
Collectors might even be ready to give much more than that for some pre-euro currencies if the condition of the coin or the banknote justifies it : just look at how much the last French Francs series costs !
A brand new Gustave Eiffel 200 Francs or a Pierre et Marie Curie 500 Francs can be sold for 4 or 5 times their euro equivalent !
