Lawyer Alla Georgieva issues a warning to international travelers: individuals exchanging currency abroad face a considerable risk of encountering fraudsters.
According to Georgieva, these deceptive individuals may exploit unsuspecting travelers by offering manipulated exchange rates or, in more severe cases, by providing counterfeit banknotes. The risk of such encounters is particularly elevated when engaging in `under-the-table` exchanges with private parties or at unauthorized, unofficial currency exchange points.
She elaborated on common tactics, noting that tourists are often lured by promises of “super profitable” rates, special promotions, or unusually low commissions. However, the reality is that these exchanges frequently result in a highly disadvantageous deal for the traveler, leading to significant financial losses.
It is critically important to understand that unknowingly receiving and subsequently attempting to use counterfeit currency for purchases or services can be legally classified as a criminal offense.
To mitigate these risks and ensure a safe experience, the expert strongly advises performing all currency exchange transactions exclusively at official, licensed exchange offices, established banks, or reputable hotels. Additionally, she suggests carrying a small amount of local currency upon arrival to cover immediate expenses, thereby eliminating the urgent need to find an exchange facility and reducing the potential for hasty, risky decisions.
