Posted 07/04/2009 6:55 pm
You can only exchange the coins at the Banco de Espana in the center of Madrid. I had a few hundred, but one of the members here helped me exchange them... ahhh I love this forum! There will not be a fee, but you'll just have to wait, I suppose.
And remember! Only the central bank can exchange them. Commercial banks could, but then you'll have to be a customer and you'll probably have to pay a fee.
And the US can't put together something like this because congress doesn't want to. If we get rid of the bills, the Massachusetts senators and representatives fear they will lose their seats because all paper today comes from Crane Co in Massachusetts. In Europe, only the European Central Bank answers to the European Central Bank. Some countries with bills that were worth less than 1 euro (Austria, Italy) have been trying to lobby the European parliament to issue EUR1 and EUR2 notes, but once again, only the ECB answers to the ECB.
And remember! Only the central bank can exchange them. Commercial banks could, but then you'll have to be a customer and you'll probably have to pay a fee.
And the US can't put together something like this because congress doesn't want to. If we get rid of the bills, the Massachusetts senators and representatives fear they will lose their seats because all paper today comes from Crane Co in Massachusetts. In Europe, only the European Central Bank answers to the European Central Bank. Some countries with bills that were worth less than 1 euro (Austria, Italy) have been trying to lobby the European parliament to issue EUR1 and EUR2 notes, but once again, only the ECB answers to the ECB.
