Street Currency Exchange is Illegal – Dangers and Safe Alternatives
Street currency exchange is not only illegal but also extremely risky. Nevertheless, many people still fall for “street exchangers” who promise tempting exchange rates.
Illegal money changers primarily appear in tourist hotspots, near railway stations, shopping centers, or bus terminals.
Fraudsters often deceive their victims with counterfeit money or withdrawn banknotes.
A common trick is to give one less banknote during the exchange, or to swap the bundle of notes for smaller denominations while distracting your attention.
Street money changers are often members of criminal organizations, so unfortunately, it’s possible that even if the exchange itself seems to go smoothly, their associates may later rob you.
In these cases, it is important to know that if your money goes missing or you get scammed, you have no legal recourse because street currency exchange is illegal in itself.
Therefore, it’s crucial to understand that street currency exchange is not only risky but also against the law. By participating in such activities, you may also get into trouble. You could be accused of money laundering or suspected of dealing in counterfeit banknotes.
These risks are easily avoided if you always choose an official, licensed currency exchange office, where transactions are guaranteed to be safe. Safe alternatives include exchanging money at official exchange offices or bank branches, and withdrawing local currency from an ATM.
Street currency exchange is never a safe or legal alternative. Such transactions are risky, you can easily become a victim of fraud, and there can be serious legal consequences. For safe and reliable currency exchange, always choose an official exchange office, like Interchange. Interchange fully complies with current financial and legal regulations, guaranteeing a legal and safe way to exchange money. Thanks to its modern systems and customer-focused services, our clients can always exchange or transfer money at favorable rates, quickly and conveniently, with maximum security.