Currency Commission Scam Beware

[Deleted User]

I've had an email conversation with Bank of Greece and here is what they told me:



Bank of Greece can indeed exchange every GRD banknote that was in circulation at the time of transition to Euro strictly until 29/2/2012. ( every banknote reaching us after that date will be sent back ).
You can sent your banknotes to the following address by registered mail, providing us with your full address and bank account details ( IBAN – BIC OR SWIFT – etc. )

The Bank of Greece
Eleftheriou Venizelou 21,
10250, Athens, Greece.
( department of cash – section tellers )

Please note that the exchange rate is 340,75GRD – 1€.
Last but not least, you have to provide us with a Euro account.
Estimated wire transfer cost – 18€.



I mailed a registered letter containing 120,800 (£300) to above address yesterday.
I do have an account in euros, so hopefully the Greek Government waits to declare themselves bankrupt until after they've paid me.:p

Cost of postage and insurance: £9.06
Weight: 0.117 kg


I will let you know if/when the money arrives.

[Deleted User]

travellingbum wrote: »

I will let you know if/when the money arrives.

By the way; completely forgot to tell you.

The money arrived in one of my euro accounts in Portugal on 8th March. I received 351.51€ after the Portuguese bank deducted a modest 3€ commission. That's just short of £300.:j
The best rate I was offered by a company I shall not promote, was £232+ here in London.

SWISS_FRANK

Beware if posting currency overseas, the maximum you will get back from the Royal Mail is £100 should it get lost so send any more than that and it is a risk.
Far better to change in the UK if possible - who is the London company you do not wish to promote ? - I have 700 German Marks to exchange and am not prepared to risk posting it.

SINBAD_2

I have 700 German Marks to exchange and am not prepared to risk posting it

For 700 German Marks, I would do the following:

1) Sorry, check they are not actually East German marks, which aren't exchangeable ( watch The Lives of Others.....)
2) Either send them to the Bundesbank. They will transfer the money.
3) If you are wary of this, put them on E-bay. You should get just under their face value, minus the Ebay fees.
4) Look on the Bundesbank website for a branch, get a cheap flight and have a short trip to Germany!
5) Keep them until you know someone going to Germany can change them for you- they are exchangeable for ever.
6) Take them to one of the London exchange places, Thomas Exchange etc, but they will take a big cut, more than Ebay

http://www.bundesbank.de/Redaktion/EN/Standardartikel/Core_business_areas/Cash_management/faq.html