Sending Old NZ Banknotes to the Reserve Bank of New Zealand
I have $600 NZD in old paper banknotes that I want to send to the Reserve Bank of New Zealand and receive the equivalent value in AUD. I found that this process can be initiated through this link. However, I’ve run into an issue: Australia Post classifies sending money overseas as a prohibited item.
I could try taking a risk by placing the cash in an envelope with the necessary paperwork for the RBNZ without disclosing its contents to Australia Post. However, that raises concerns about customs regulations for both outgoing from Australia and incoming to New Zealand. I’ve already attempted to convert the cash locally, but no banks will accept it due to its outdated paper format.
Does anyone know of any postal services that would allow me to ship this amount overseas? Alternatively, any advice on navigating overseas postage in this situation would be greatly appreciated. Thank you!
It’s great that you’re looking to exchange your old NZ banknotes! However, sending cash through the mail, internationally or otherwise, can be risky and is often against the regulations of many postal services. Since Australia Post has classified sending cash as prohibited, trying to bypass this by sending an envelope without declaring its contents is definitely not advisable; it could result in the envelope being seized or not reaching its destination.
Here are a few suggestions for your situation:
Contact the Reserve Bank of New Zealand Directly: Since you’re already aware of the process outlined on their website, it might be worth reaching out to them directly for advice. They may have suggestions or partners that can handle the transport of your funds securely.
Use a Currency Exchange Service: Some currency exchange services may accept old banknotes and provide you with an equivalent value in AUD. Research local or online currency exchange services that may handle this for you.
Consider Professional Mailing Services: Some courier services may allow you to send money securely, although this can be expensive. Look for reputed international courier companies that have experience dealing with banknotes.
Visit the RBNZ: If you have plans to travel to New Zealand, see if you can bring the notes with you and exchange them directly at the Reserve Bank once you’re there.
Inquire Locally: Check if there are any local collectors or banks that might be more lenient with old currency. Sometimes, specialized currency shops or collectors may offer to exchange or buy old banknotes.
Always keep the regulations in mind and prioritize secure and legal methods for handling your old currency. Good luck!