anybody know anything? Rumor goes that 200 and 500 Euro bills are no longer accepted in the DR. Neither in
regular banks nor at the "cambistas".
Is that so? And if yes, why?
Cannot say about DR, as I know nothing about EUR in the DR, but I?m from a EUR-country, and this sounds only like a security and logical procedure.
I used to work years dealing with cash payments (in that EUR-country), and we never accepted larger than 100 EUR nominations unless the total sum of purchase exceeded 100 EURs. We absolutely did not touch any large nominations if the customer in any way suggested being interested only in change of bills (so total sum not reaching 100 EUR), and this would be the case with banks and cambios of course...
That was 6-7 years ago in Europe, so I can only imagine how security/risk management procedures have changed since. Then again, honestly, I can think of no "innocent" reason why would anyone carry EUR bills with large nomination. As said by ju10prd, the largest USD bill is 100 USD, so I have never fully understood the need for larger EUR nominations.