Bringing coins back home from abroad; Is that unethical to do?

Bringing coins back home from abroad; Is that unethical to do? - Woman in White Shirt Using Macbook Pro

I have a bad habit of not properly utilizing foreign currency coins when I tour any country. When I pay in bills and get back coins I don't know why my brain is programmed to think of them as change and for the next purchase I would again use a new bill.

Sometimes it is also due to the fact that I don't like to spend a long time on a counter trying to count coins up to a certain amount so just to make it easy for me I would just pay with a currency note that's slightly bigger than the required amount, or use a combination etc. It is also due to the fact that sometimes its hard to get used to the denominations specially for coins on a short trip; they sure do some in various shapes and sizes, whereas on for paperback it is comparatively easier.

I usually bring all those coins back home, they are quite a bunch of them by the end of a trip. I bring them home as a memory or as something that relates to my trip for a long time to come. I am not a coin collector but sometimes when I see that this coin that I have is from a country which i visited when i was a child it makes me feel good. Sometimes my family members take some of them as souvenirs.

The only time I use those coins abroad is on vending machines and lately in theme parks for my kid on toys which operate with coins.

Lately I have been reading about this fairly global practice that all coins should either be used at the airport or given to homeless people in that country before you fly out.

That has got me wondering whether what I do is unethical? I am not a miser nor do I have any use for those coins when I reach home but even when I find a homeless person abroad I give them a currency note instead of a coin.

Is this a bad practice?



Best Answer

There is nothing unethical about keeping your own money. The money you earn is your to spend as you see fit (other than what your government demands you give them in taxes ;-).

Lots of travelers keep their leftover coins and currency as souvenirs, as you mentioned, it brings back fond memories.

Lots of travelers bag up their leftover currency and coins to hold on until they next travel back to that country.

Lots of travelers place their coins in donation boxes or UNICEF envelopes, because they like to help others and have other souvenirs to remind their travels.

Fund raisers will do their best to pull at your heart strings in order to get your donation, but you have to evaluate if their cause is something you want to help. You should not feel guilty simply because you didn't donate.




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What do you do with foreign coins?

Instead, try these ten things you can do with leftover foreign coins....10 Things You Can Do with Leftover Foreign Coins
  • Give Them As Gifts. ...
  • Donate Them to Charity. ...
  • Make Coin Magnets. ...
  • Head to Starbucks. ...
  • Store Them Away. ...
  • Loan Them to Friends. ...
  • Trace the Coins.


  • Can you exchange foreign coins?

    In case you didn't know, it is impossible to exchange foreign coins after an overseas trip for a number of reasons. This is why it is advisable to use your foreign coins while you are still on your overseas trip because you'll never be able to exchange them once you get back home.

    What can you do with foreign currency UK?

    What can you do with leftover travel money?
  • Keep it for your next trip: If you think you will visit a country that accepts your leftover currency, store it somewhere safe and ready to use next time.
  • Exchange it: Visit a high street travel money provider and exchange your excess foreign currency into pounds sterling.


  • What can I do with foreign coins in Singapore?

    If you are one of those who wish you can put those loose coins or spare currency to better use, good news \u2013 you can now convert your leftover currency, including dollar bills and coins, into digital money at the new TravelersBox kiosks located at Changi Airport since December last year.



    What to Do With Leftover Currency? | 7 Tips for Dealing with Unused Notes \u0026 Coins




    More answers regarding bringing coins back home from abroad; Is that unethical to do?

    Answer 2

    I once visited a country (I forget which, but it was Spanish-speaking) where there was a shortage of coins for reasons I don't recall. There were signs in many places asking people not to hoard their coins. Of course, that induced me to hoard coins for the duration of our trip. But I made sure to spend most of them before we left, with only a small few for souvenirs. I guess the lesson here is that it depends on the currency. Nobody's going to get burned up by your collection of Euro coins. But in some countries it's a scarce resource, not very nice to remove. And seemingly, you don't care about the value of the coins - so just give them away in the airport on your last day.

    Answer 3

    Seigniorage,the difference between the value of money and the cost to produce and distribute it, is usually positive. In the US for example:

    ????????????????????????????????  
    ?  Coin   ? Cost ? Seigniorage ?  
    ????????????????????????????????  
    ? cent    ? 1.7  ? -0.7        ?  
    ? nickel  ? 8    ? -3          ?  
    ? dime    ? 3.9  ? 6.1         ?  
    ? quarter ? 9    ? 16          ?  
    ????????????????????????????????  
    

    So if a visitor takes home US quarter, he has effectively donated 16ยข to the US government.

    Taking home lots of pennies (as we Americans are wont to call our one-cent pieces, using an American pluralization of the name of a British coin) technically costs the government money, but my opinion about the ethics of this is that if a government wants to play stupid games, nobody should feel bad about awarding it stupid prizes.

    Answer 4

    The question of ethics is generally centered around conflict of interest. An ethical conflict of interest exists when you have an opportunity to do something that will benefit you personally, but will cause problems for a different obligation that exists for you in this context. (For example, a stockbroker who recommends a stock that will earn him a nice commission, but isn't likely to actually benefit the client who purchases it, is behaving unethically by choosing to benefit his own interest at the expense of his professional responsibility to his client.)

    If you have an interest in taking money out of a country, but no professional or moral interest in having to leave it there, there's no reason why this should be unethical. However, in some specific cases, depending on the countries involved, doing so could be illegal or subject to legal restrictions, and you definitely have an interest in obeying the law, and an obligation to do so. But in the general case, no, there's no ethical problem with this.

    Answer 5

    If you're taking money from a country with deflation then you're doing a microscopic piece of harm to the country by removing money from circulation. In a country with hyperinflation you're doing them a very small favour.

    Answer 6

    By asking "is it ethical", I hope you realize that answers will be primarily opinion-based, so here's a counter opinion:

    Some nations (like China, last time I was there) have laws prohibiting removal of currency from their borders. So, if you knowingly and deliberately removed currency from one of these nations, I'd say that it is, in fact, unethical.

    Of course, if violating a law is required the fulfill a higher moral obligation, then there is no problem, but I do not consider desiring to have a keepsake a higher moral obligation.

    Sources: Stack Exchange - This article follows the attribution requirements of Stack Exchange and is licensed under CC BY-SA 3.0.

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