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| Post Office and Travelex run out of Brazilian currency | Post Office and Travelex run out of Brazilian currency |
| (about 7 hours later) | |
| Two of Britain's biggest foreign exchange suppliers have told BBC 5live they are short of the Brazilian Real, just one week before the World Cup kicks off in South America. | Two of Britain's biggest foreign exchange suppliers have told BBC 5live they are short of the Brazilian Real, just one week before the World Cup kicks off in South America. |
| Travelex has run out of the currency at Heathrow and Manchester airports, after demand rose more than 1,000%. | Travelex has run out of the currency at Heathrow and Manchester airports, after demand rose more than 1,000%. |
| Meanwhile the Post Office, which offers travel money at 11,500 branches nationwide, says it won't have the Real until the weekend. | Meanwhile the Post Office, which offers travel money at 11,500 branches nationwide, says it won't have the Real until the weekend. |
| It says demand is up 400% on last year. | It says demand is up 400% on last year. |
| Elvin Eldić, head of UK retail at Travelex, told 5live: "Being one of the few FX [foreign exchange] providers who stock the Brazilian Real we are seeing unprecedented levels of demand... As a result, we are currently experiencing a temporary shortage at our Travelex stores in both Heathrow and Manchester airports. | Elvin Eldić, head of UK retail at Travelex, told 5live: "Being one of the few FX [foreign exchange] providers who stock the Brazilian Real we are seeing unprecedented levels of demand... As a result, we are currently experiencing a temporary shortage at our Travelex stores in both Heathrow and Manchester airports. |
| "We are currently working hard to redistribute stock across our retail network and are expecting a large delivery of Brazilian Real within the next few days in time for fans travelling to Brazil for England's kick-off against Italy." | "We are currently working hard to redistribute stock across our retail network and are expecting a large delivery of Brazilian Real within the next few days in time for fans travelling to Brazil for England's kick-off against Italy." |
| 'Unprecedented' | 'Unprecedented' |
| Andrew Brown, from Post Office Travel Money, said: "Post Office has seen an unprecedented demand for Brazilian Real this week with a sales increase of over 400% on the same time last year. This has resulted in a temporary lack of availability in our branches. However, stocks will be replenished by the weekend in time for fans travelling to Brazil for England's first match. | Andrew Brown, from Post Office Travel Money, said: "Post Office has seen an unprecedented demand for Brazilian Real this week with a sales increase of over 400% on the same time last year. This has resulted in a temporary lack of availability in our branches. However, stocks will be replenished by the weekend in time for fans travelling to Brazil for England's first match. |
| "We recommend that anyone travelling to Brazil should pre-order currency in advance at any of our 11,500 branches or online at postoffice.co.uk. It is also advisable to take a small mix of US dollars which are widely accepted throughout the country." | "We recommend that anyone travelling to Brazil should pre-order currency in advance at any of our 11,500 branches or online at postoffice.co.uk. It is also advisable to take a small mix of US dollars which are widely accepted throughout the country." |
| Football fan Bryan Alexander from Birmingham, who is leaving for Brazil next Thursday, told 5live: "My accommodation in Recife has to be paid in Reals - but my local Post Office have told me there are no Reals in stock. | Football fan Bryan Alexander from Birmingham, who is leaving for Brazil next Thursday, told 5live: "My accommodation in Recife has to be paid in Reals - but my local Post Office have told me there are no Reals in stock. |
| "The Post Office website was advertising an upcoming special rate on Reals, so I've been holding off buying them. But now when I look online, the option to buy Reals isn't there. | "The Post Office website was advertising an upcoming special rate on Reals, so I've been holding off buying them. But now when I look online, the option to buy Reals isn't there. |
| "I'm now worried about landing in Brazil, at night, with no local currency on me." | "I'm now worried about landing in Brazil, at night, with no local currency on me." |
| Keith Pilbeam, professor of international economics and finance at City University in London, told 5live: "This sounds like management incompetence. There's no global shortage of Brazilian Reals - so why haven't they got enough? | Keith Pilbeam, professor of international economics and finance at City University in London, told 5live: "This sounds like management incompetence. There's no global shortage of Brazilian Reals - so why haven't they got enough? |
| "It's down to foreign exchanges to estimate the demand for a particular currency, and stock up accordingly." | "It's down to foreign exchanges to estimate the demand for a particular currency, and stock up accordingly." |
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