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Sending small foreign cash payments for postage #general
IsraelP <zach4v6@...>
Sending a dollar to israel in lieu of postage is a very bad solution.
Unless the recipient has a use for dollars (believe it or not, most of us don't), they have to be changed into local currency which takes time and bank charges. My late grandmother used to send my kids ten dollars for birthdays and by the banks got done with them, there was barely half left. Israel Pickholtz |
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Nachum <nachum@...>
Today there are untold *official* money changers, at least in Jerusalem.
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I imagine that they can be found in other cities in Israel as well. Unlike banks which charge a minimum fee for changing foreign currency, and believe it or not, US $ are still foreign currency in Israel,money changers have no minimum fee. The rates at money changers are lower than in the banks, but for small amounts one does get a descent amount of Israeli Shekels,usually more than in a bank. I don't believe that it is that great a hardship for someone in the big cities to convert $, or any other major currency. When my kids get birthday presents in US $ cash, I generally let them buy what they want, paying in Shekels and keeping the dollars for myself. If and when I need to replenish my bank overdraft, I then convert at one time, at one of these money changers, whatever dollar cash reserve I have accumulated. (Non Israelis may not understand what I mean by replenishing my bank overdraft, but I'm sure Israelis will.) Nachum Tuchman Tekoa, Israel -----Original Message-----
From: IsraelP [mailto:zach4v6@...] Sent: Sunday, July 14, 2002 10:24 AM To: JewishGen Discussion Group Subject: Sending small foreign cash payments for postage Sending a dollar to israel in lieu of postage is a very bad solution. Unless the recipient has a use for dollars (believe it or not, most of us don't), they have to be changed into local currency which takes time and bank charges. MODERATOR'S NOTE: This discussion has moved off-topic, please continue any futher messages in this thread privately. |
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