Tag: CurrencyView All Tags
Money / Travel Tips / Canada Travel / Currency / → All Tags
Our friends to the North have decided to scrap the penny. Yes, Canada will no longer have a one cent piece as legal tender. The clock is ticking on the little maple leaf copper coin and its ability to buy anything when traveling in Canada, but we don't think it will majorly change how you travel.
The Canadian government has decided that it is far too costly to continue to produce the fractional monetary unit and will ceased minting this month. If you have a jar filled with 'loonies' and pennies, don't freakout as you have until the end of the year to spend them on Royal Canadian Mounted Police souvenirs and the like. Distribution to financial institutions will end in the fall when the decision makers will begin the end of circulation.
Panama Field Trip / Aeroperlas / Air Panama / Currency / Lists / Travel Tips / → All Tags
Not that we're exactly experts after two weeks in the country, but here's a couple of field tips we wish we knew beforehand…
1. No Need To Change Currency: The money thing is super-easy here. Panama has their own currency, the Balboa, but it's tied to the dollar, which is accepted literally everywhere. They don't even print their own bills, so there's no need to change any money if you're coming from the States. You'll get Balboa coins as change, which are the same size and color as their American counterparts. Just make sure to get rid of them before you leave, as I've learned New York shopkeepers are not so happy when you accidently try to pay for the newspaper in Balboa quarters.
Euro / Currency / → All Tags
We remember when the euro was launched, ten years ago. We smirked and snickered here in America as it sank lower and lower against the dollar, thinking of all the bargains we'd snatch up in Rome, Paris, and Frankfurt, which we'd parade through like royalty while tossing our cherished greenbacks to the little people.
What a difference ten years makes. Even amid the global financial crisis, the euro remains a secure and stable currency, trading strongly against the dollar and increasingly becoming the currency of choice for international transactions. An interesting item from msnbc points out that the 1999 introduction of the euro provided an excuse for the various European governments to get their financial houses in order to meet the eurozone's strict requirements. All of a sudden, leaders were able to muster the support necessary to pay down government debt and overhaul national budgets without having to pay a price in political capital. As Professor Randall Filer puts it, the euro became a "convenient scapegoat" for politicians to use while putting in place austere economic reforms.
What started out as a non-cash currency for just eleven nations is now the sole currency for sixteen nations, with more on the way. To celebrate the euro's birthday, head down to your local European bar or pub and order up a five euro cocktail. We'd join you, but all we have are these worthless dollars.
Museums / Money / Currency / → All Tags
There's no better way for a money-loving capitalist to spend a holiday in Australia's capital, Canberra, than by making a visit to the Royal Australian Mint, where most of Australia's coins are made. The Mint's exhibition galleries are currently undergoing major renovations to make for a better visitor's experience.
Sadly for us, increased security probably makes it impossible for us to carry out a few souvenir coins in our boots, but we can still check out exhibits explaining both the production and design of Australia's currency. All kinds of cute stuff gets on the back of Aussie coins, from kangaroos and a platypus to even the royal wedding of Charles and Diana. Plus you can find out that Australia nearly didn't have dollars: other names considered for their currency were royals, australs, or, after the sheep, merinos! Entrance to the Mint costs zero merinos, but you can spend plenty at the gift shop.
· Australian For Museum [Jaunted]
· Canberra Mint Worker Filled Boots [Jaunted]
Want to join the ranks of the do-gooders this holiday season?
A Jaunted reader pointed us to the Change for Good UNICEF program, which is perfect for the constantly travelin' set. Pretty much you just gather up all your unused foreign currency and send it off to UNICEF.
I'm going to gather all my little caches of coins and small-denomination bills, and mail 'em off. Lempiras, Aussie dollars... you name it. I end up with a little of everything when I get home from a trip, and my nieces and nephews have enough coins by now.
We know we have some Bahamian dollars and Euros lying around here that we can ship out.
Instructions on how to give post jump.