Question 1

What is the "Unofficial Currency Exchange Shortchange" scam in Riga?

Accepted Answer

Street-level money changers operating informally near the Central Market and in Old Town offer exchange rates above official rates to attract tourists, then use sleight of hand to shortchange customers during the count, or quote one rate verbally and apply a worse rate in the transaction. Latvia uses the Euro so any offer to exchange Lats (the pre-2014 currency) is a straightforward fraud. Use only bank ATMs or official exchange bureaux with posted rates and receipts. Never exchange money with individuals on the street. If anyone mentions Latvian Lats, walk away immediately — Latvia has used the Euro since 2014.

Question 2

What is the "ATM Skimming and Card Fraud" scam in Riga?

Accepted Answer

Standalone ATMs in the Old Town and near the Central Market have been targeted with card skimming devices. Card fraud is also reported at some bars and restaurants where cards are taken away from the table for processing. Use ATMs inside bank branches only. Cover your PIN with your other hand. At restaurants, insist the card terminal is brought to your table — never hand your card to staff who walk away with it. Check your statements daily while in Riga.

Money & ATM Scams in Riga

Unofficial Currency Exchange Shortchange

ATM Skimming and Card Fraud

Experienced a scam here?