Small Change

When you make a bank withdrawal or obtain a reasonable amount of cash in some other way you generally get 20,000 and 50,000 peso bills. These are great to save space in the wallet. Many small businesses however have a shortage of small bills and changing large ones can be a pain in the neck for them. This is often the case in rural areas. It is good idea to hang on to some smaller bills for such situations.

Counterfeiting is a problem here and since 20,000 and 50,000 peso notes are often targets, many people try to avoid them. I have been hit by bad bills on a couple of occasions. I will post information on how to detect funny money in the future.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: