Cash in Greece

[Deleted User]

If you're taking cash ask your bank for high denomination notes -€100 notes are easy to hide on your person or in your hand luggage.I've had a money belt - the type that looks like an ordinary belt - for years and can fit a fair bit of €100 or $100 in there.
The rest goes in my shoes.Never had a spot of bother even when being mugged in Mexico once as I also always keep a bit of mugger money handy for just such occasions.As muggers go he was comparatively friendly.

PolishBigSpender

Taking high denomination notes is the worst thing you can do. In the event of a currency meltdown, exchanging 100 Euro notes would be very, very difficult.

eDicky

PolishBigSpender wrote: »

Taking high denomination notes is the worst thing you can do. In the event of a currency meltdown, exchanging 100 Euro notes would be very, very difficult.

I don't think so, probably the opposite, large denomination notes would likely be in demand by those wishing to conceal or export cash and perhaps even worth more.

basill

On a typical greek holiday, smaller notes are more useful, 50s are fine for the hotel bill and the evening meal but no good for bus fares, gyros and drinks.

It will be difficult for businesses to get change now with banks shut.

Just take a good amount and mixture of notes and don't keep it all in one place.

B

BarryBlue

DTDfanBoy wrote: »

It's only a polite Nein when discussing the matter outside Greece, she has a slightly different message for those in the actual country :eek:

Maybe just a nitpicking point, but my passing knowledge of Greek tells me that bank isn't in Greece.

"Trapeza Kiprou" is the Bank of Cyprus.

Mersey_2

Banks are now down below 500m Euros in cash reserves in Greece.


Something needs sorting by Monday, otherwise it could turn very unpleasant on the ground.

YorkshireBoy

2 of the 3 ATMs in my Greek island resort have been out of cash for a few days now. I'm OK as I fly home tomorrow but those coming with just càrds and no cash may struggle.

Pollycat

YorkshireBoy wrote: »

2 of the 3 ATMs in my Greek island resort have been out of cash for a few days now. I'm OK as I fly home tomorrow but those coming with just càrds and no cash may struggle.

It's been publicised enough so people really should be aware that relying on ATMs is not a great idea.

[Deleted User]

PolishBigSpender wrote: »

Taking high denomination notes is the worst thing you can do. In the event of a currency meltdown, exchanging 100 Euro notes would be very, very difficult.

Where do you think all the millions of euros that have been withdrawn from Greek banks in the last few months is sitting ?
Anyone will bite your hand off for a 100 Euro note even without an economic crisis as they're much easier to hold on to than bunches of 50s or 20s.

christaitfife

Right now everything is pretty much running as normal in Greece, other than some smaller businesses wanting cash only. ATMs are working fine, most larger hotels will cash travellers cheques fine. What I would recommend is to take cash to be on the safe side. If the situation remains the same as it is now a prepaid card would, perhaps, be a better option than paper travellers cheques as they provide instant payment and do not need to be 'cashed'.

I am going to Greece in a few weeks. I have a good supply of cash, but also have a prepaid card for emergencies (or to overspend on). I can't see the banks not paying out to tourists - it would cause more major financial problems for their people.

The true extent of the financial disaster in tourist areas....
https://www.youtube.com/watch?v=9wXQOSDKwNE