Can you believe the euro has been around for almost eight years? I didn’t realize it’s been that long until I read a Bankrate question about options for converting old European currency  (there aren’t many). That page referenced a University of British Columbia’s Sauder School of Business page that has anything and everything you could possible want to know about the Euro conversion , from a timeline to conversion rates to the Maastricht criteria, the criteria a country must meet to be eligible to convert to the euro.
The big lesson I learned was that the conversion rate from the old legacy currency to the euro is fixed forever and that you may have a deadline on converting notes and coins. For example, you can no longer convert the coinage of Belgium, Greece, France, Luxembourg, Netherlands, and Portugal. There’s also a deadline on converting paper currency from Greece, France, Netherlands, Portugal, and Finland.
Here’s are the deadlines (includes ones for the recent additions):
- Austria Schillings: Notes and coins indefinitely.
- Belgium Francs: Notes indefinitely but coin redemption ended in 2004.
- Cypriot Pounds: Notes until Dec 31, 2017 and coin redemption ended in 2009.
- Finland Markkas: Notes and coins until Jan 29, 2012.
- France Francs: Notes until February 17th, 2012, coin redemption ended in 2005.
- Germany Marks: Notes and coins indefinitely.
- Greece Drachmas: Notes until March 2012, coin redemption ended in 2004.
- Italy Liras: Notes and coins until February 29th, 2012.
- Ireland Pounds: Notes and coins indefinitely.
- Luxembourg Franc Notes indefinitely, coin redemption ended in 2004.
- Maltese Liras: Notes until 31 January 2018, coins until 1 February 2010.
- Netherlands Guilders: Notes until Jan 1st, 2032, coin redemption ended in 2007.
- Portugal Escudos: Notes until Dec. 30, 2022 but coin redemption ended in 2002.
- Slovakia Crowns: Notes indefinitely and coins until the end of 2014.
- Slovenia Tolars: Notes indefinitely and coins until 31 December 2016.
- Spain Pesetas: Notes and coins indefinitely.
To trade in your currency, you’ll need to go to a bank in that country and do so before the deadline or they just become collectible souvenirs!
(Photo: vizzzual-dot-com )