“How much is this 2000 peso bill worth?” is frequently asked here at American Currency Exchange. Unfortunately, the answer is inevitably “Nothing”.
In 1996, the Mexican peso was devalued and new money was issued in notes of 20, 50,100, 200, 500 and 1000 pesos. The new banknotes are issued by the “Banco de México”. Banknotes prior to 1992 are exchangeable at a rate of 1,000 “pesos national currency” for each new peso. At this exchange rate, a 2,000-peso national currency bill 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 on 248 203 9883 before traveling to Birmingham, especially if we are a long distance from your home. We should be able to easily tell you if your notes are up to date by asking you a few 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:

Austria,

Belgium,

Cyprus (except Northern Cyprus),

Finnish,

France (except New Caledonia, French Polynesia, Wallis and Futuna, Germany,

Greek,

Ireland,

Italy,

Luxembourg,

Malt,

Netherlands (except Aruba and the Netherlands Antilles),

Portugal,

Slovenia,

and Spain

In all these countries, with few exceptions, the Euro is the currency used. Coins that were used before the euro are accepted at banks and most exchange houses, but are bought back at a lower exchange rate because they are no longer used. Some examples are the Italian lira, the German mark and the French franc. At some point in the future, these coins will no longer have any value except nostalgic value. Therefore, anyone who owns them should sell them back as soon as possible.

The American Currency Exchange currently repurchases these obsolete bills at a competitive exchange rate.

The countries that do not join the European Union still have their own currencies. These countries are:

denmark, crowns

sweden crown

UK, pound

Bulgarian Lev

Czech Republic, crown

Estonian kroon(i)

Hungary, Florin

Latvia, lats (lati, latu)

Lithuania, litas (lital, litu)

Poland, zloty (zlotych)

Romania, leu (lei)

and Slovakia. Crown (koruny, korun)

Among these banknotes, Romanian polymer banknotes dated 2000-2003 can be exchanged without a time limit at the rate of 10,000 old lei for 1 new leu. Older paper bills are worth nothing.

Another country that has devalued its currency is the Turkish lira. Obsolete and mutilated banknotes can only be redeemed at the central bank. All Turkish banknotes in denominations of 50,000 and more are exchangeable until the end of 2015, at the rate of 1,000,000 old lira for a new one.

The general rule of thumb is: Do some research before you drive to redeem your foreign currency. If it’s been sitting in someone’s drawer for years, it may not be worth enough to pay for the gas it would take to drive to the currency exchange. Worse yet, it may be worth nothing at all.