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Return to the penny

Written by kostasgl Sunday, 06 June 2010 12:21

According to your example and with my poor mind think that: The conversion will be done in DR at the rate 340.75. After I'll throw a devaluation and the rate will go to 681.5. So whoever has a lift before the euro bank has doubled its value in drachmas, while money in the bank would have lost most of their value (and will continue to lose by continued depreciation).
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BACK TO DR
1 Sunday, 06 June 2010 13:22
vasilis
you needed to GRD 340.75 1 € 681.50 now want to Drs 1 € If you have money in the bank the conversion will happen automatically and essentially lose half of your buying power. If you withdraw before the devaluation of your money with 340.75 drachmas yourself with 1 € will be able to go to the bank of Greece and the set cost you € 340.75 buy 681.50 DR
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