Lunn Poly urges public to change old currency

LUNN Poly is urging the general public to carry out a final search out any old currency they still have from countries that have adopted the Euro.

Old notes and coins from Belgium, Austria, Finland, France, Luxembourg, Italy, the Netherlands, Greece, Portugal, Ireland, Germany and Spain will be formally abolished by February 28 at the latest.

Although it will still be possible to change old currencies for sterling after February 28, it is expected the exchange rate will suffer and transactions could take considerably longer to complete.

Tui UK financial services director Mark Smith said: “Changing Euroland currencies after February 28 will be a more complicated process as a result of the additional administration required to make the exchange some banks and bureaux de change will choose not to exchange the currencies after that date. Although coins cannot be changed back to sterling these can be put to good use as many banks and building societies are collecting the coins for charities.”