shortage of coin costing people money

donquixote

New member
Aug 2, 2005
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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.
 

J D Sauser

Silver
Nov 20, 2004
2,940
390
83
www.hispanosuizainvest.com
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.
 

FernieBee

Bronze
Feb 20, 2008
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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.
 

Tamborista

hasta la tambora
Apr 4, 2005
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I have quite a collection of those Chiclets you get as change, can I use 10 of them for a motoconcho?
 

Bronxboy

Well-known member
Jul 11, 2007
14,107
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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.
 
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cobraboy

Pro-Bono Demolition Hobbyist
Jul 24, 2004
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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.
 

Matilda

RIP Lindsay
Sep 13, 2006
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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
 

snoozer

Member
Jan 22, 2004
282
7
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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.
 

Soy Jeffrey

New member
May 11, 2008
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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 :cross-eye
 

Bob K

Silver
Aug 16, 2004
2,520
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Actuallly it is both very fustrating and a money maker for the stores (Read Playero here). They never have pesos for change but instead give you a candy worth much less then a peso. I figure it this way
- two candies a transaction (profit of 1 peso)
- 1000 or more transactions a day (Profit of 1000RD)
-30 days a month

Gives Playero a profit of 30,000RD a month for doing and selling NOTHNG!

Oh and I tried to give them a candy back last time they asked for a peso and they would not take it.

I have found that if you stand there and demand pesos and not candy they find it.

Bob K
 

gibbs

New member
May 31, 2005
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You guys are making me feel bad looking at all the change and small bills sitting on my desk here in Virginia :eek:
 

rio2003

Bronze
Aug 16, 2006
1,233
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Any coins that I have (less than 10 pesos) I tend to give to the kids.....
A trip to the colmado usually has a little cluster of "hangers on" that know that I usually give any change to them.....

Then - when I need it - I haven't got any!

Rio
 
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Campesina

New member
Sep 12, 2004
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Playero is starting to give whole packs of gum for as much as 40 pesos change. I can't believe people are willing to do that! I think that because people are willing to accept the candy for change has convinced Playero that it is a good business deal and they can add to their coffers. If 2 candies a transaction = 1 peso profit, imagine their delight in a pack of gum transaction!

The really sad part is there is no change for the Bag boys who help you to your car for a few pesos. What a shame.

When I go to Playero, I have a tip in my pocket for the bag boy and pay with my debit card from Banco Leon. Saves the aggravation.
 
Last edited:

tee

Bronze
Sep 14, 2007
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Cabarete
Not only am I losing out on money, but if they keep this up with giving out Halls mints I am also going to end up with a high dental bill, so I will really be out of pocket!!!
 

Campesina

New member
Sep 12, 2004
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There was some discussion on a news site about the children of the dominican republic being taught by their school teachers to save coins for the future! Therefore, each dominican child has a piggy bank, and that is where the coins are.....yeah, right!
 

Abuela

Bronze
May 13, 2006
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I heard Canada mints the Dr coinage and the DR is past due on the last shipment so the coins needed are sitting at the mint waiting for the DR to settle their debt. Could this be true? A cough drop for your thoughts !
 

rio2003

Bronze
Aug 16, 2006
1,233
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Pay up....

I heard Canada mints the Dr coinage and the DR is past due on the last shipment so the coins needed are sitting at the mint waiting for the DR to settle their debt. Could this be true? A cough drop for your thoughts !

Sounds about right...

Here in the UK the Bank of England over the past few years have stopped making as much lower coinage and notes persuading people to trade in larger amounts. The smallest note from an ATM now is ?10 - 650 pesos. ?5 notes are slowly disappearing.

Rio