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Money in Mexico
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sickbag



Joined: 10 Jan 2005
Posts: 155
Location: Blighty

PostPosted: Thu Nov 03, 2005 3:44 pm    Post subject: Money in Mexico Reply with quote

What�s with the constant battle to get change in Mexico? Some days it�s the first thing I think of when I wake up - how am I gonna break that 200 to get to work this morning? I have to plan my day around how much change I have in my pocket. It doesn�t seem to matter what kind of shop - supermarkets, malls, taco joints, bars - invariably none of them have change. Is this all just a big game that I�m unaware of? I mean I quite enjoy the day-to-day challenge, but is there a genuine, economic reason for this shortage?
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Guy Courchesne



Joined: 10 Mar 2003
Posts: 9650
Location: Mexico City

PostPosted: Thu Nov 03, 2005 4:01 pm    Post subject: Reply with quote

I think it's simply a matter of the size of denominations. If you try paying for something that costs 10 pesos with a 200 note, you'll be taking away a whole bunch of change from the 'float' (lingo for what a vendor or cashier starts the day with). I find it's easier towards the end of a day, or just before lunch to get change for bigger bills.
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sickbag



Joined: 10 Jan 2005
Posts: 155
Location: Blighty

PostPosted: Thu Nov 03, 2005 4:14 pm    Post subject: Reply with quote

I understand the �float�thing especially early in the morning. And I try to get larger notes changed up in restaurants and larger stores. But even in Liverpool/Walmart (I had to, sorry) they still struggle for change. And don�t get me started on cab drivers.... There just seems to be an overall lack of change in this country, just wondered if there was a reason why.
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Guy Courchesne



Joined: 10 Mar 2003
Posts: 9650
Location: Mexico City

PostPosted: Thu Nov 03, 2005 4:31 pm    Post subject: Reply with quote

sickbag wrote:
I understand the �float�thing especially early in the morning. And I try to get larger notes changed up in restaurants and larger stores. But even in Liverpool/Walmart (I had to, sorry) they still struggle for change. And don�t get me started on cab drivers.... There just seems to be an overall lack of change in this country, just wondered if there was a reason why.


Yeah, it's always a pain with cabbies. I got em back one day though. Left the house at 6:30 AM intentionally armed with only a 200 note. A 50 peso cab ride became a free ride when he couldn't make change. Very Happy

Walmart is my go-to place for change, if there's one nearby. Never had a problem there, unless I'm not buying anything and just asking for change.
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hlamb



Joined: 09 Dec 2003
Posts: 431
Location: Canada

PostPosted: Thu Nov 03, 2005 5:03 pm    Post subject: Reply with quote

I have this problem all the time! I try to break 200s at the supermarket but I don't shop there much, preferring the market where I have no choice but to pay in small change. Sometimes the supermarket will tell me they don't have change but when I say I don't either, the cash register is opened and they have lots of change. Every day I try to gather as much change as possible, yet it disappears so quickly! Rolling Eyes
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Perpetual Traveller



Joined: 29 Aug 2005
Posts: 651
Location: In the Kak, Japan

PostPosted: Thu Nov 03, 2005 9:34 pm    Post subject: Reply with quote

This sounds like it could make a good Latin American Olympics event! The Getting Change Before Midday Challenge. Laughing

PT
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PlayadelSoul



Joined: 29 Jun 2005
Posts: 346
Location: Playa del Carmen

PostPosted: Thu Nov 03, 2005 9:53 pm    Post subject: Reply with quote

I have that problem, as well. When I first started working in my present position, the salesgirls never had change. Making sure they did was one of the first changes I made (pun intended)
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ls650



Joined: 10 May 2003
Posts: 3484
Location: British Columbia

PostPosted: Thu Nov 03, 2005 11:51 pm    Post subject: Reply with quote

Guy Courchesne wrote:
I think it's simply a matter of the size of denominations.

The problem lies with the ATMs. If you go to a bank machine and withdraw, say, 500 pesos cash, the stupid thing gives you a couple of 200s. WTF? And if I take out a larger amount, the dang thing starts dishing out 500s. About the only thing I can do with 500 notes is pay my rent. Heck, there have been times when I've bought 150 pesos worth of groceries at a local supermarket, and they've had a hard time paying the change from a 200.
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PlayadelSoul



Joined: 29 Jun 2005
Posts: 346
Location: Playa del Carmen

PostPosted: Fri Nov 04, 2005 3:14 pm    Post subject: Reply with quote

ls650, I am going to be in Hualtulco for 4 days starting on the 30th. Hook up for coffee?
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tonydicer



Joined: 03 Mar 2005
Posts: 81
Location: Monterrey, Mexico

PostPosted: Fri Nov 04, 2005 8:20 pm    Post subject: Bright side Reply with quote

At least the machines don't kick out the new 1000 peso bills... Enjoy the ride, and look for reasons not to complain.
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ls650



Joined: 10 May 2003
Posts: 3484
Location: British Columbia

PostPosted: Fri Nov 04, 2005 8:32 pm    Post subject: Reply with quote

PlayadelSoul wrote:
ls650, I am going to be in Hualtulco for 4 days starting on the 30th. Hook up for coffee?

Sure. Send me a PM and we'll make some arrangements.
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MELEE



Joined: 22 Jan 2003
Posts: 2583
Location: The Mexican Hinterland

PostPosted: Mon Nov 07, 2005 3:19 pm    Post subject: Reply with quote

I have a lot to say on this topic but luckily for you all I don't have a lot of time today so just one thing.


CFEMATICO

Pay your 75 peso electricity bill with a 500 pesos note and get 85 five peso coins for change, there's your change for the month! and if you squint you can imagine you're in Las Vegas.


Last edited by MELEE on Mon Nov 07, 2005 7:45 pm; edited 1 time in total
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Guy Courchesne



Joined: 10 Mar 2003
Posts: 9650
Location: Mexico City

PostPosted: Mon Nov 07, 2005 3:33 pm    Post subject: Reply with quote

Oh yeah! Forgot about those. I used one in Acapulco, but the CFE office in my DF neighborhood doesn't have the machines yet.



You're right about that being like Vegas. The one in Acapulco gave me 20 pesos extra in change once.

Quote:
75 peso electir bill
Is that a normal bill for you? I'm jealous. Mine are always in the 400-500 peso range for 2 months.
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Samantha



Joined: 25 Oct 2003
Posts: 2038
Location: Mexican Riviera

PostPosted: Mon Nov 07, 2005 6:57 pm    Post subject: Reply with quote

Great idea Melee! I love those machines. I can't count how many times our electric bill has gone astray, but all we have to do is scan an old bill and the current amount due pops up on the screen. Great time saving inventions. We have a drive-through with 4 lanes, as well as several machines inside the building.
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MELEE



Joined: 22 Jan 2003
Posts: 2583
Location: The Mexican Hinterland

PostPosted: Mon Nov 07, 2005 7:49 pm    Post subject: Reply with quote

Guy Courchesne wrote:


Quote:
75 peso electricity bill
Is that a normal bill for you? I'm jealous. Mine are always in the 400-500 peso range for 2 months.


It used to be, prewashing machine. Now I run just under 200 pesos for two months, including a load of dirty toddler clothes daily. I think we might get a lower "rural" rate around here, I've seen things on the TV news about bills in Mexico City and can't believe how anyone could run up such a high bill?????? Other than using all compact florescent bulbs, I don't do much to conserve electricity.
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