Page 1 of 4 123 ... LastLast
Results 1 to 10 of 31
  1. #1
    Regular
    Join Date
    Aug 2005
    Posts
    125
    Post Thanks / Like

    Default shortage of coin costing people money

    on a recent trip to dr., i was amazed at the shortage of coin. I think some of the shortage was artificial, yet there was a shortage.

    this shortage i believe was costing people income and stores sales.

    with the motor conchos, i usually pay 30peso for a ride instead of the standard 20peso. if i asked if they had change for a 50 or 100 peso note, they would usually say no, so then i would only give 20peso..then sometimes they would find the change and i would give them 30peso..in these cases i think some used the lack of change to get more.. to overcome this i would usually ask the group of drivers who had change before i went and go with the one who had the change, and he got the extra tip.

    i puchased a 99peso item at a restaurant and only had 100 peso notes. i wanted to give a 20%tip but the waiter did not have the change..i felt bad as the poor waiter lost the tip becauses of shortage of coin.

    in grocery stores often i found they did not want to give change and sometimes i gave the product back. it is frustrating when you buy an item for 160peso and give them 200 and they say they have no change. i dont want a lot of candy.

    so the shortage of coin is costing a lot of people income who cannot afford it. it is about time the government got in a supply of coin needed for the economy..I was told the problem is the first batch of coin was purchased from the canadian mint and not paid for yet and now the mint wants their money and the next order in advance..a rumor but something is wrong.

  2. #2
    Silver
    Join Date
    Nov 2004
    Posts
    2,765
    Post Thanks / Like

    Default

    sorry double post!

  3. #3
    Silver
    Join Date
    Nov 2004
    Posts
    2,765
    Post Thanks / Like

    Default

    Quote Originally Posted by donquixote View Post
    on a recent trip to dr., i was amazed at the shortage of coin. I think some of the shortage was artificial, yet there was a shortage.

    this shortage i believe was costing people income and stores sales.

    with the motor conchos, i usually pay 30peso for a ride instead of the standard 20peso. if i asked if they had change for a 50 or 100 peso note, they would usually say no, so then i would only give 20peso..then sometimes they would find the change and i would give them 30peso..in these cases i think some used the lack of change to get more.. to overcome this i would usually ask the group of drivers who had change before i went and go with the one who had the change, and he got the extra tip.

    i puchased a 99peso item at a restaurant and only had 100 peso notes. i wanted to give a 20%tip but the waiter did not have the change..i felt bad as the poor waiter lost the tip becauses of shortage of coin.

    in grocery stores often i found they did not want to give change and sometimes i gave the product back. it is frustrating when you buy an item for 160peso and give them 200 and they say they have no change. i dont want a lot of candy.

    so the shortage of coin is costing a lot of people income who cannot afford it. it is about time the government got in a supply of coin needed for the economy..I was told the problem is the first batch of coin was purchased from the canadian mint and not paid for yet and now the mint wants their money and the next order in advance..a rumor but something is wrong.
    The apparent shortage of change at stores and any other point of sale is Hispanic phenomenon. It starts in Spain and ends at the four corners of Latin America. Most often it is not linked to an actual shortage of coins and small bills but to the lack of a basic culture in business:
    Everybody opens their business with NO change!
    Partons, clients and customers start their day with a couple of large bills too and when both sides meet... no hay, y ahora?

    You would think that after loosing sales and facing the same issue EVERY day, at least shop keepers would wisen up... well, think again! Not even when you explain it to them! Only some super markets have "some" opening change but never enough to make it thru the day without the passing of change from one register to another.

    Where ever there really is a shortage of small bills and coins it can be in part because in the effort of trying to control or slow rampant inflation, most countries don't readily issue big enough bills to pay larger amounts. So, to pay for larger bills, people scramble together what ever they can find or get at the banks (I routinely get large amounts paid out in 500 Pesos bills at my bank).

    ... J-D.

  4. #4
    Bronze
    Join Date
    Feb 2008
    Posts
    601
    Post Thanks / Like

    Default

    Quote Originally Posted by donquixote View Post
    with the motor conchos, i usually pay 30peso for a ride instead of the standard 20peso.
    I'm thinking of paying for my motoconcho rides with one-dollar bills. I'll use a bill per ride: 34 DOP (i.e. 1 USD) should work. I'll probably bring a bunch of singles for my next trip to Sosua.

  5. #5
    Platinum
    Join Date
    Apr 2005
    Posts
    11,211
    Post Thanks / Like

    Default

    I have quite a collection of those Chiclets you get as change, can I use 10 of them for a motoconcho?

  6. #6
    Super Moderator
    Join Date
    Jul 2007
    Posts
    14,896
    Post Thanks / Like

    Default

    Quote Originally Posted by FernieBee View Post
    I'm thinking of paying for my motoconcho rides with one-dollar bills. I'll use a bill per ride: 34 DOP (i.e. 1 USD) should work. I'll probably bring a bunch of singles for my next trip to Sosua.
    That will suffice.

    I do it all the times in DR and Costa Rica with the cab rides.

  7. #7
    Platinum
    Join Date
    Jul 2004
    Posts
    39,925
    Post Thanks / Like

    Default

    Quote Originally Posted by Tamborista View Post
    I have quite a collection of those Chiclets you get as change, can I use 10 of them for a motoconcho?
    Those make Alida nutz. Chiclets and matches.

    I was told by a prominent Dominican the shortage is due to the bill to the Canadian outfit that mints them not being paid.

  8. #8
    Rest In Peace Lindsay
    Join Date
    Sep 2006
    Posts
    5,639
    Post Thanks / Like

    Default

    In the colmado every morning we go to the bank for change. They do not have any ever. So if you can't get it in the bank what are we supposed to do??? People we know we ask to pay later....and they always do. People we don't know we give them a discount so they don't lose out. So the ones who lose out are us. But we are always desperate for change. There are hardly any 10 or 20 RD$ bills around and very few coins. The only alternative is to increase prices on some things so there is less need for change but I don't want to do that. So far it works - and people pay later, but sure we are losing some money with having to discount

    Matilda

  9. #9
    Regular
    Join Date
    Jan 2004
    Posts
    267
    Post Thanks / Like

    Default

    I also found myself hanging on to change when I did get it so I had some when I really needed it. This of course compounds the problem.

    Motoconchos are notorious for not having change for gringos, even though they usually collect small bills all day long.

  10. #10
    Regular
    Join Date
    May 2008
    Posts
    17
    Post Thanks / Like

    Default

    in the past 10 years this has always been an issue.

    since i spent alot of time at casinos i would accumulate small
    bills and save them.

    yes, casinos have small bills!

    ex: if you have 90 pesos to cash out, you know the casino
    will not give you a 100 peso note

Page 1 of 4 123 ... LastLast

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •