Some time between June 14 and 18, the money was stolen from his backpack.
On Monday, June 18 at 3.50pm, Paul was given 3500 euros by an associate who told him he had stolen it, the summary said.
Paul went into a Kiwibank and tried to exchane the money into New Zealand currency, equating to NZ$6050, but was told he needed identification.
Paul said he didn't have any and left with the money. He told police he gave the money back to his associate.
Paul also pleaded guilty to a charge of failing to comply with a community work order.
Judge Maree MacKenzie asked for several reports to be prepared on Paul, including one to determine whether he was eligible for home detention.
"I make no promises though, given the particularly mean-spirited nature where you were ripping off tourists of Rotorua, a city that relies on international tourists."
Paul's associate has pleaded guilty to a charge of stealing the money and will be sentenced in October.
Judge MacKenzie remanded Paul on bail to reappear for sentencing on November 22.