CNN - Saturday Morning (partial) - 1996-07-13

Name: CNN - Saturday Morning (partial) - 1996-07-13
Uploaded: 2026-02-24
Duration: 1399 s
Channel: malgent
Description: Read a transcript preview of “CNN - Saturday Morning (partial) - 1996-07-13” from malgent, uploaded on 2026-02-24.

Channel: malgent

Uploaded: 2026-02-24

Duration: PT1399S

Read a transcript preview of “CNN - Saturday Morning (partial) - 1996-07-13” from malgent, uploaded on 2026-02-24.

Transcript preview

Language: English (YouTube automatic captions)

[0:00] brushes

[0:00] >> pretty good exchange rate on the ATMs.

[0:02] >> You get an excellent exchange rate. You

[0:03] get what's called the interbank exchange

[0:05] rate and that's the rate that uh banks

[0:08] give each other on very large

[0:09] transactions. So it's going to be even

[0:11] better than what you get uh if you bring

[0:13] say an American Express traveler's

[0:15] checks to an American Express office.

[0:17] >> So in other words, you can operate

[0:19] pretty much like a lot of people do

[0:20] stateside at home. Just uh get out a

[0:23] little bit of cash at a time as much as

[0:24] you might feel comfortable losing if you

[0:26] lost it. Uh and not too much cash.

[0:28] Right.

[0:28] >> Right. just just uh a little to get you

[0:30] through the next couple of days and then

[0:32] go to the ATM machine again and and

[0:34] replenish your supply. Um before you go,

[0:37] you may want to bring a little bit of of

[0:39] the uh foreign currency because when you

[0:42] get to the airport, the money exchange

[0:44] there um is not very attractive and you

[0:46] may not find an ATM right on the spot.

[0:49] But other than having say $50 or $100 in

[0:51] local currency, you can really leave

[0:53] with what's in your wallet, your credit

[0:54] card and your ATM card. Now, we should

[0:57] clarify this is uh much more preferable

[0:59] than going to a bank in in another

[1:01] country and getting an advance on your

[1:03] credit card, right? You don't

[1:04] necessarily do so well on that exchange,

[1:06] do you?

[1:06] >> If if you get a cash advance on your

[1:08] credit card, it's going to be a lot more

[1:10] expensive. You're going to pay a higher

[1:12] transaction fee, say three to$5 as

[1:14] opposed to $2 or $3 per transaction at

[1:17] the