Currency Advice

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Re: Currency Advice

Postby Chris » Mon May 14, 2012 12:29 pm



The Independent Travel Journalist Simon Calder advised on a recent news programme to obtain Euros in small denominations. The reason
for this was that if the Greek problem continues in the direction it is heading, there may not be the currency available to give change to
the bigger denominations. He also advised that ATMs may, but stressed, may run out of cash. By the way, he was on his way to Greece.

My advice is to check with the company you are exchanging money with, or see your banks.


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Re: Currency Advice

Postby DaveD » Mon May 14, 2012 9:20 pm

Sorry but all this indecision has put us off Greece for the time being. We have booked Malta for two weeks. The money we are going to spend in Malta could have gone into Greek pockets. Its sad I know but I am not risking a disaster of being stuck on an island if the Greeks make a bad decision and upset their euro masters. As for the ATMs running dry well thats downright dangerous if you are a family on holiday.
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Re: Currency Advice

Postby mitera » Tue May 15, 2012 3:50 pm

Hi Dave, what as shame you have given Greece the chop this year :ddown:, im sure you wouldnt wake there one morning and it would have changed to Drachma over night , so im sure you wouldnt be stuck there at all. if they were to go back to Drachma it wouldnt be overnight and i never use ATM's in Greece in 30 years, i take euros or travellers cheques, im sorry you feel that way your missing out thats all i can say... and all the more ouzo for me !! hurrahh :suun:
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Re: Currency Advice

Postby DaveD » Tue May 15, 2012 7:30 pm

Sorry that we arnt going but the situation could turn out ugly very quickly. Today Simon Calder warned on, Radio 2, to only take notes of low denomination. He booked a hotel and was asked to post his E100 deposit by post. The Hotel didnt want his credit card. We found this last year the credit card machine was ALWAYS out of order and they demanded cash! That must tell you something. :ddown:
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Re: Currency Advice

Postby Chris » Wed May 16, 2012 5:16 pm



This is exactly what Simon Calder was saying on the BBC Breakfast last week. What he says is not to be taken lightly, he has a very good
reputation on holiday matters.



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Re: Currency Advice

Postby mitera » Wed May 16, 2012 5:48 pm

Have to say ive never used an ATM in Greece as i take the money, or travellers cheques, i really dont think this will happen while were on holiday, and you wouldnt get stuck there we have paid our airfare there and back, it hasnt even been decided yet, its not putting me off drinks drinks
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Re: Currency Advice

Postby Chris » Wed May 16, 2012 7:51 pm



I am certainly not trying to put people off, this is so far from my mind. However, I feel it necessary to let others know of the problems that may arise if the situation gets worse, which is more than likely to do so.



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Re: Currency Advice

Postby mitera » Wed May 16, 2012 8:12 pm

Chris, i wasnt suggesting for a moment YOU put me off, im not letting THIS situation put me off, and it wont not a bit of it, as i say i cant imagine this happening over night , i have many freinds in Greece and they dont forsee a problem with tourists and their Euros at this moment in time, i dont think either that the shops and banks have a stash of Drachma ready to use overnight. i think there is a bit of scare mongering going on as usual .even if it were to happen while we were there, what could i do, we need to take money with us to live on, so ive no idea !!!
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Re: Currency Advice

Postby DaveD » Wed May 16, 2012 9:09 pm

Dear Mitera, please make sure you have adequate holiday insurance. The radio tonight was insisting if you plan to travel to the Greek islands to make sure you have this and to check you are covered for strikes as cheap insurance will not have this.
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Re: Currency Advice

Postby mitera » Wed May 16, 2012 9:17 pm

Thanks Dave , we have good cover, but im still not really expecting to wake up one morning to find the Drachma on the go, to be honest im not sure what to expect, we go to a small not very touristy place, if they dont accept our Euros they will not have any money and their businesses will go to the wall, so who knows .
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Re: Currency Advice

Postby afcb1965 » Thu May 17, 2012 11:25 am

Just read this thread, Not sure what anyone is worried about, as someone posted greece won't go back to the drac overnight, as for all the greeks taking there money out the bank, that one made me and the wife chuckle..
My advice is the same this year as it is every year, bring £'s, better rate on corfu then you will get from any bank.


ps, where i work we're taking cards,£'s, euro's.

edited to add..
We have so far had 4 couples staying at our place that haven't been to corfu for years, I asked why they decided to return, there answer was to support the greeks in these hard times.
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Re: Currency Advice

Postby afcb1965 » Thu May 17, 2012 12:59 pm

Ok, worried about what? If you come on holiday here you would have a return ticket so no one will be stuck here.
As said before, if and thats a big if greece went back to the drac it would take month's to do so, it won't happen overnight.
If it goes back to dracs you will be able to exchange euro's, pounds, etc just like alot of people that bring £'s to greece at the moment.
Sorry if my post is too positive but papers in the uk are doing a great job at scaring people...i.e, daily mail story about william hague advising all ex-pats to visit there embassy, when in fact when you see the program he said no such thing, hence why thousands of ex-pats around greece contacted the mail and let the paper have both barrals.
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Re: Currency Advice

Postby afcb1965 » Thu May 17, 2012 1:18 pm

I see what your saying about riots etc. all atm's are working fine at the moment, i still think the best return on your £ is exchanging locally, sidari at the moment is 1.24 i think, or it was yesterday.
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Re: Currency Advice

Postby mitera » Thu May 17, 2012 9:52 pm

Its as i have said .. surely this will not happen overnight.. im taking Euros , the rate is not bad at the moment, last year when we went it was 1.12 its now 1.219 so things are looking up on that front yahoo: so im going im spending my Euros and if they dont want them , tuff !!!, i will find somewhere in Kefalonia who does,as far as im concerned the Greeks will take my Euros then if the worst comes to the worst they will take them to the bank and change them.
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Re: Currency Advice

Postby mitera » Fri May 18, 2012 5:07 pm

I have spoken with a Greek friend in Kefalonia today and he says that he feels this will not happen in the summer season while the tourists are there, he would like to see the return of the Drachama as it wouild be ideal for everyone, but he doesnt see this being possible for now .he also said What you hear from the BBC and CNN have nothing to do with reality here, unfortunately, just a propaganda. Now my friend is a business man so i would hope hes in the loop about all this, so hopefully this will put your minds at rest for the time being , as i said im taking Euros, im sure theY wouldnt take Scottish money anyway !!! :shock:
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Re: Currency Advice

Postby Chris » Sat May 19, 2012 5:41 pm



Thank you Tony for putting this matter into the right prospective. My initial response was taken from the BBC and interview with Simon Calder who indicated it was adviseable to take smaller denominations of euros to ensure no problems as there maybe a possibility that larger notes would be awkward to change. I have been meaning to contact you on this, but have had other matters at home to deal with. Cheers again, and do please keep us updated.


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Re: Currency Advice

Postby afcb1965 » Sun May 20, 2012 9:05 am

Slightly off topic but, Why would germany allow greece to leave the euro, Whilst greece is dragging the euro down daily germany as an exporting country are rubbing there hands, it's making all there exports cheaper for the uk,usa,japan and everywhere else. Call me a conspiracy person but i think germany has engineered alot of the problems ie greece never being allowed to get out of debt.
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