‘It makes sense:’ Cambridge asked to donate foreign currency to help children in Waterloo region

Non-circulation currencies will still be accepted for Family and Children’s Services fundraising

Family and Children’s Services of the Region of Waterloo (FACS) is calling on all world travelers in the region to donate their unspent international money to benefit disadvantaged children in the region.

In partnership with the Continental Currency Exchange on Hespeler Road, FACS is calling on the Cambridge community to dig up all past foreign currency and relieve memorabilia associated with it before donating it to a good cause.

The Currency for Kids campaign was launched on March 21 in Waterloo and has since spread across the region, with the aim of collecting international currencies, repatriating them to their countries of origin and recovering the proceeds in Canadian currency. .

“Even though it’s uncirculated money, thinking like those Canadian pennies – there are still a lot of them in circulation, one dollar bills, two dollar bills, deutsche mark,” Crystal Raymond said. , Events and Community Outreach Coordinator at the FACS Foundation. “Anything, we take it.”

FACS was inspired to launch their campaign after hearing about the Durham Children’s Aid Foundation’s resounding success with a similar fundraiser.

“When Dennis from the Children’s Aid Foundation of Durham brought it to the larger group of children’s aid foundations in Ontario, it made sense,” Raymond said. “Because in our fundraising, it’s another way to ask. It helps people find a solution for things they know have value but don’t know where to put it.

FACS hopes travelers who have stashed international currencies will use this fundraiser as a way to relive and share past experiences before donating the currencies that usually sit in drawers or as rarely looked at collectibles.

It is estimated that more than $2 billion in global currency is in Canadian homes and businesses, and of that amount it is estimated that in Ontario there is more than $840 million in foreign currency alone. in Ontario.

Raymond said that by dissecting these amounts in more detail, FACS can reasonably estimate that the people of Waterloo Region have $50 million in foreign currency in their homes.

“It’s based on what our population is multiplied by the currency range in Canada,” she said.

“If you think about those numbers, if we can get everyone to rummage through their drawers, rummage through that cup on their desk, the next time they open their suitcase to get ready, because we’re all starting to travel again , if we can get a percentage of the impact it would have on our community at large.