Money Exchange
When I exchanged $80 and received 34000 pesos . It came as a shock that the peso were in bundles of 10s and 20s . Remember $1 = 350 peso .
So I had 35 x 10 peso notes to one dollar.
The dealer said this was normal . A lot of notes with little value . My tandem partner confirmed as such too .
When I was at the Colonia Express desk I was in shock when a customer handed over a wad of notes . The attendant put the lot in a machine to be counted .
I need 150,000 pesos for my cycling trip . Equivalent to 400$ . But the highest note is a 1000 peso . So I have 150 x 1000 notes to carry with me . It was counted out using a similar machine .
The highest value note is 1000 peso . About £3 with blue rate. In a couple of months time they may have the 2000 peso note . So it's not unusual to see people with wads of paper peso . It looks a lot but it's value is really low .
This is a photo of 150 x 1000 peso notes that I need to pay to my cycling organiser .
This a photo of 20 , 10 and 50 notes which I received as change . They don't have coins . They are worth
- 50 = 50/350 = 1/7 of 1 usd = 15 cent = 12 pence
- 20 note = 5 pence
- 10 note = 3 pence
Reading up before arriving here gave the impression that you could use
I find the first days is getting to grips with money exchange
- Monzo great for atm but don't get blue rate I. Argentina
- Paying hotel with credit card saves 21% tax. Paying in cash have to pay this
- Western union best for cash withdrawals
- This really is peso not dolllar land
- Pay what you can by credit card
- Refund by credit card in 4 days
