"How much is this 2000 peso note worth?" He frequently asks here at the American Currency Exchange. Unfortunately, the answer is, inevitably, "nothing."
In 1996, the Mexican peso was devalued and new notes of 20, 50,100, 200, 500 and 1000 pesos were issued. The new banknotes are issued by the "Bank of Mexico". Notes prior to -1992 are exchangeable at a rate of 1,000 national pesos for each new peso. At this rate, a national currency of 2000 pesos would currently be worth 2 cents, practically nothing.
Other currencies have also been devalued, including the Turkish lira and the Romanian lei. Therefore, it is especially important that you call us at 248 203 9883 before traveling to Birmingham, especially if we are a great distance from your home. We should be able to tell you easily if your notes are up to date by asking some questions about the notes.
After the formation of the European Union, the countries that joined the union changed their currencies to the euro. The countries belonging to the European Union are:
Cyprus (except northern Cyprus),
France (except New Caledonia, French Polynesia, Wallis and Futuna, Germany,
The Netherlands (except Aruba and the Netherlands Antilles),
In all these countries, observing exceptions, the euro is the currency used. The currencies that were used before the euro are accepted in the banks and in the majority of the exchange houses, but they are bought again at a lower rate because they are no longer in use. Some examples are the Italian lira, the German brand and the French franc. At some point in the future, these coins will no longer be worth more than a nostalgic value. Therefore, anyone who owns them should sell them as soon as possible.
Currently, the American Currency Exchange does not buy these obsolete currency notes at a competitive exchange rate.
Countries that do not join the European Union still have their own currencies. These countries are:
The United Kingdom, Libra
Bulgaria, lev (a)
The Czech Republic, Koruna
Estonia, kroon (i)
Latvia, lats (lati, latu)
Lithuania, litas (lital, litu)
Poland, zloty (zlotych)
Romania, leu (lei)
and Slovakia. Koruna (koruny, korun)
Among these notes, the Romanian polymer grades of 2000-2003 can be redeemed without a time limit at the rate of 10,000 lei old for 1 new leu. The oldest paper notes have no value.
Another country, which has devalued its currency, is the Turkish lira. Obsolete and mutilated data can only be exchanged at the central bank. All Turkish notes in denominations of 50,000 or more can be exchanged until the end of 2015, at a rate of 1,000,000 old lira for a new one.
The general rule is: Investigate a little before leaving to exchange your foreign currency. If you have been sitting in someone's drawer for years, it may not be worth enough to pay for the gas that would lead you to the currency exchange. Worse yet, it may not be worth anything at all.