Money exchange scums

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Money exchange scums

4-12-2008
Categorized in: Money Exchange, ATMs, Safety, Police, Legal Issues

I must warn the tourists in Prague and other big cities about the pathetic scums who prey on unsuspecting bargain seeking/ greedy Dollar/Euro/Pound Sterling carrying people by offering them a rate sufficiently above the rates offered at other office exchanges. Happiness about the deal just concluded soon turns into despair and anger when they discover they have been given Hungarian Forint in stead of Czech Crowns. The 100 Pounds they have just shortly parted with is now worth some 10 Pounds.

The currency is the Czech crown (Koruna česká), abbreviated as Kč (CZK), and broken down into hellers (haléře). Crown notes come in denominations of 100, 200, 500, 1,000, 2,000 and 5,000 Kč. Coins come in denominations of 1,2,5, 10, 20 and 50 Kč.

Comments (10)

#10

Said this on 11-22-2011 At 05:04 pm

I was cheated by Global Travel too. Under interchange.cz group. It is really cheating! I do not mind how much they charge but they should explain to the tourist because we do not understand their language even they print the receipt.

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Said this on 2-8-2011 At 06:58 am

I changes money in the old town square by a place called "Change" located at Staromestke nam. 17. These people are the biggest scam artists - they just legally rob you in your face. Despite the posted rate of 22 Kc for 1 USD, they gave me 14.74. I threatened to call the police but decided against it as I was in a hurry. I did tell them I would post it on the web. So here it is.

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hihi

Said this on 4-11-2011 At 10:42 pm

In reply to #8

I just exchanged euros at a branch of www.interchange.cz near the jewish quarter. instead of the advertized 23,x i received 16,x. Be aware of all the branches of this company! I will try to contact and complain at the EU Consumer center. From what I see the company specialized in ripping off tourists by adding notes next to the exchange rate in the local language, which tourists can not read (for example: "limit is onehundredthousand korunas", it is too small to read and it can not be read by foreigners) although advertizing 0 commission.

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A jP

Said this on 8-23-2010 At 11:34 pm

watch out for all the change bureaus too, they advertise no commisison or charges but the rate mysteriously drops when you hand over your cash, I only used it because the cash machines only had large notes and I wanted lest the thirty pounds. I swear the rate on the board was 28CZ yet mysterioulsy became CZ 20.8 - this was the one near Charles Bridge

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Ljohnson

Said this on 4-2-2010 At 05:02 pm

I am from US, have the best service by getting cash from local cash machine. Credit cards take care of all of the exchange rates. Not too costly either.

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