Are you worried about money changers in the Philippines? Don’t know how to do it or where to go? In the video above, find out how to keep your money safe.
Many people worry about changing money while in the Philippines. This is wise.
You see, the Philippines is a third-world country. As we’ve said before, the poverty here is striking. If you haven’t been to a developing country before, it will probably shock you.
Despite the problems, we have a helluva a time. Don’t let your worries stop from coming and enjoying this wonderful place. However, be aware of the problems and street-smart.
When it comes to money changers in the Philippines, you need to be careful. Don’t do it at the airport as they’ll rip you off. Forget about banks as they don’t change money.
Most of the time, you’ll need to go to a Philippines Money Exchange shop, like in the video above.
One of the first things you want is for the money changer to be busy. If the shop is busy, it’s probably safe. They’re also likely to have enough cash to change your money properly.
In the video above, you’ll see one of the busy money changers in the Malate / Ermita area. A lot of money changers from the province come into Manila to use this one. They’re honest and they’re busy (that’s a good sign).
In this area, there are hundreds of them, but you need to be careful. Money changers in the Philippines play all sorts of games.
For example, one trick they’ll do is take your money and disappear. They’ll say that they’re going to check with the boss if they can change your money. When they come back, they’ll give you your money back but it’ll be counterfeit money.
Another trick is counting the money so it looks correct, but really, they’ve taken a chunk out. To avoid this problem, count your money while you are still at the counter. Don’t listen to any stories from the money changer about not being able to count it there.
Yet another trick is counting the money and sliding it across the counter. As they slide it across the counter, a small slot on the top slices off a chunk of bills.
There are many more games that they play.
To avoid problems with money changers in the Philippines, only use busy money changers. Most shopping malls have money changers.
Also, there are ATMs in most tourist areas, so if you have an ATM card, you’ll be able to withdraw cash in most places.
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