Donate your leftover currency: Over £100,000 raised in 2020

Donate your leftover currency: Over £100,000 raised in 2020

Despite the economic slump caused by Covid-19, we have exchanged over £100,000 pounds for charities so far in 2020. That is an amazing amount, topping all previous years!

This means a lot for the charities we work with and they are super grateful for the generous donations made by so many people who chose to give away the value of their leftover travel money to raise funds for good causes. A big Thank You to everyone who donated!

Currency Facts – Strongest and Weakest Currencies

Currency Facts – Strongest and Weakest Currencies

The weakest currency in the world is the Venezuelan Bolívar. The value of the Venezuelan Bolívar is so weak that 50,000 units are worth less than one US dollar. This has consistently been the case, due to the hyperinflation in the South American country. The weakest currency of all times was the Zimbabwean dollar, for which 35 quadrillion units were equivalent to 1 US dollar. The Zimbabwean dollar was demonetized in 2015. 

35 quadrillion = 35,000,000,000,000,000

Can old currency be exchanged now?

Can old currency be exchanged now?

Currency for which the exchange deadline has expired no longer has a monetary value. So-called ‘demonetised‘ banknotes and coins have no value except for the raw materials they are made off, and a possible collector value to . A banknote or coin’s collector value is determined by its condition, rarity and popularity among collectors.

At Leftover Currency we continue to exchange a number of currencies for which the exchange deadline has expired. Although we pay less than the old face value, we are still able to pay a fair amount for old demonetised currencies such as the Cypriot Pound, French Franc, Italian Lira, Greek Drachma or Maltese Pound.

Will more countries join the Eurozone?

Will more countries join the Eurozone?

Eight countries are part of the European Union but are not part of the Euro area: Bulgaria, Croatia, Czechia, Denmark. Hungary, Poland, Romania and Sweden. Denmark has negotiated an opt-out from the Euro. The other countries have committed to joining the euro area as and when they meet the conditions for entry to the euro area.

One of the entry conditions for a country to join the euro area is to participate in the second version of the European Exchange Rate Mechanism (ERM-II) for two years before joining the Euro. This requires the country to pass the ERM-II legislation. As a result, countries can decide not to approve ERM-II laws and thereby not meet the entry conditions for the euro area.

There is no deadline for the remaining EU countries to join the euro area. Some countries, such as Poland and the Czech Republic, have made it clear that they don’t plan to join anytime soon. Other countries, including Bulgaria, Croatia and Romania, are expected to join the Eurozone in the near future. We look at this in more detail in what follows.

I have Peruvian Intis. What’s their value?

I have Peruvian Intis. What’s their value?

Peruvian Intis were the currency of Peru between 1985 and 1991. The Inti was named after the Incan sun god and was introduced in 1985, replacing the Sol (sun) at a rate of 1000 soles to 1 inti.

The Sol had lost a lot of value because of high inflation in Peru. By dropping three zeroes and renaming the national currency, the Peruvian government hoped to normalise the monetary situation.

In 1985, the Banco Central de Reserva del Perú  introduced banknotes in denominations of 10, 50, 100 and 500 intis. Peruvian coins in 1985 were 0.01, 0.05, 0.10, 0.20, 0.50, 1 and 5 intis. Peru’s new government led by Alan García saw good results at first, but it wasn’t long until inflation would come back with a vengeance.

Money Quiz Questions

Money Quiz Questions

At the time of writing, in 2020, there are nineteen countries in the Eurozone:

Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia and Spain.

What is the value of a 100,000 Republika Hrvatska banknote?

What is the value of a 100,000 Republika Hrvatska banknote?

Does that mean you can exchange these 50,000 and 100,000 Croatian Dinara banknotes for these amounts? Again, unfortunately not. The exchange deadline for Hrvatskih Dinara banknotes expired shortly after they were replaced by the Kuna banknotes. Croatian Dinara banknotes have no more monetary value and should be considered as collectable items, or so called ‘numismatic pieces’. So are the 50,000 and 100,000 dinara banknotes maybe rare collector items with a high collector’s value? Again, no.

In 1996, the Croatian National Bank flooded the collector market with 600,000 sets of invalid dinar banknotes in denominations of 1, 5, 10, 25, 100, 500, 1,000, 2,000, 5,000, 10,000, 50,000 and 100,000 Croatian Dinar series, in uncirculated mint condition in the original packaging of cash receivers. 

According to the numismatic catalog ‘Coins and banknotes from Yugoslavia, Slovenia, Croatia, Bosnia and Herzegovina, Serbia, Montenegro and Macedonia‘ by Zlatko Viščević, the collector’s value, or ‘catalog value’ of the two highest denomination Croatian Dinara banknotes is the following: 

Rock star money: These bands issued their own banknotes

Rock star money: These bands issued their own banknotes

15,000 of these rock star money bills were rained down on the Foo Fighters fans during the concert, launched from confetti cannons. From a distance the banknotes resemble $100 dollar bills. Upon closer inspection one can spot a number of interesting modifications. These include:

Extra currencies added – April 2018

Extra currencies added – April 2018

In addition to the more recent series of Luxembourgish Franc banknotes which are still exchangeable for a monetary value, we have added the older Luxembourgish Franc banknotes to the site as well. These demonetized banknotes from the Grand Duchy of Luxembourg only have a collectible value, no monetary value. We are able to exchange them and our exchange rate covers the collectible value of these pre-euro Luxembourgish banknotes.

Get started here: Exchange demonetized Luxembourgish Franc banknotes.

500 DDR Mark and 200 DDR Mark: East Germany’s mysterious banknotes

500 DDR Mark and 200 DDR Mark: East Germany’s mysterious banknotes

There are a number of theories about why the banknotes of 200 and 500 DDR-marks were never issued. A popular theory is that the value of the banknotes was deemed too high, and that introducing them might have caused inflation.

Another theory is that the banknotes were printed only to be issued in case of war with the West. This is similar to the $4 Billion cash the American Federal Reserve stored in a the Culpeper cold war bunker near Mount Pony, Virginia.

Source: welt.de

Extra currencies added – July 2018

Extra currencies added – July 2018

Leftover Currency converts foreign coins, old banknotes and obsolete currencies to cash, quickly and easily.

Leftover Currency,
3rd Floor,
207 Regent Street,
London W1B 3HH,
United Kingdom