Quick question about the Euro

[davywavy]

Just curious here; ever since Cyprus introduced currency controls there have been effectively two currencies - the Cypriot Euro and the European Euro. I know the nominal exchange rate is 1:1, but I was wondering if anyone has any idea what the black market exchange rate now is?

i.e. If I had 150k Euros in Cyprus (I don't, this is an example), how much would someone in France give me for them?

I know hairyears has said in the past you work for a bank so wondered if you'd heard anything?

Comments

[(Anonymous)]

If a euro is a euro, but a euro in Cyprus is subject to capital controls, what you're talking about really is smuggling, and there's certainly a lot of that going on.

[davywavy.livejournal.com]

That's why i'm asking about black market values. The easiest way to smuggle a wad of notes out of Cyprus strikes me as being to sell your Cyprus money to someone outside for a commission. I'm curious what the margin on that would be.