My First Blog

Hi All,

Come along (and bear) with me as I explore blogging for the first time as well as my first trip to the Motherland, Africa. Personal thanks to my friend Vanessa (a true 'Techno-Babe' in the most respectful sense) for directing me to the how-tos.

Friday, July 2, 2010

No Ghana Cedis in Miami

1 USD=1.43550 GHS (7/1/10)
On previous trips, I often tried to get a few dollars in local currency before leaving home, just in case there was a delay in exchanging $$ when I reached my destination and to have some money for tips and the like once I arrived. Some years ago, based on the recommendation of a friend and member of the Sunshine Slopers Ski Club, I began purchasing foreign currency from Abbot Foreign Exchange in downtown Miami. By far, they have the best rates in town! My brief disappointment when the gentleman who answered the phone said they didn't have cedis to exchange, quickly changed to relief as I was able to cross an item off my 'to do' list without driving anywhere in my car! "We don't generally get requests for the cedi. The exchange at the aiport may have some since they are required to carry a larger variety of currency", he added. Go to the airport to exchange $$ for a premium fee?? No way!

Here is some additional info on the Cedi from wikipedia (yes, I know)....

The cedi (currency sign: ₵; currency code: GHS) is the unit of currency of Ghana. One cedi is divided into one hundred pesewas. The present cedi was introduced on July 3, 2007, and was equal to 10,000 old cedi when redenomination saw four zeros lopped off the value. It was the highest-valued currency unit issued by sovereign countries in Africa in 2007.
The word "cedi" is derived from the
Akan word for cowry shell. Cowry shells were once used in Ghana as a form of currency.
A number of Ghanaian coins have also been issued in
Sika denominations. These are probably best considered as "medallic" coinage, and may have no legal tender status. The word sika means "money.
On July 1, 2007, a third cedi was introduced, worth 10,000 second cedis. The external purchasing power of the old and new currencies are the same; the cedi was neither devalued nor re-valued, only redenominated. Because of this change, Ghana's currency became one of the highest-valued currency units from one of the least valued currency units.

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