There were never more Euro coins in Belgium than today. And still, local tradesmen complain about a severe lack of 5c, 10c, 20c and €2 coins. How is this possible?
At Leftover Currency, we understand what’s going on here. Two things, to be precise: Money potted up at home and leftover travel money stuck abroad. It’s what causes any circulatory system to fail: blockages and leaks. The average British household has £65 worth of leftover currency somewhere in a drawer at home. A mixture of domestic and foreign banknotes and coins, gathering dust.
How can we improve the circulation of cash? By reducing these leaks and blockages. In this session we will explore how at Leftover Currency we have brought back into circulation hundreds metric tons of British currency, and how we have repatriated containers of coins and pallets of banknotes to the four corners of the world. We will look at roadblocks and opportunities. We highlight the importance of AML due diligence, the pitfall of salvaged coins from the recycling industry. And we will cover in detail the important role charities and fundraising play in the recirculation of cash.
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