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Converting Old European Currency to New Euros
Posted By Jim On 01/19/2010 @ 12:06 pm In Personal Finance | 16 Comments
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):
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 )
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 converting old European currency: http://www.bankrate.com/finance/checking/searching-for-best-currency-converter.aspx?pid=p:brg
 Euro conversion: http://fx.sauder.ubc.ca/euro/euro.html
 vizzzual-dot-com: http://www.flickr.com/photos/vizzzual-dot-com/2660857310/sizes/m/
Thank you for reading!