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October 05, 2004

Where did the Change go?

A funny thing happens in Ecuador with the money . . .

No one has change. You start to notice it after only a few transactions. The almighty twenty dollar bill becomes like the Queen of Spades in Hearts - You are desperate to get rid of the darn thing, but it can be tricky. Even smaller denominations like 10īs and 5īs can become difficult. Often when presenting one of these bills for a smaller purchase (say $2 or $3) one is met with a blank stare by the cashier and ultimately the question, "ŋTienes Cambio?"

This question could be the national motto of Ecuador. It leads to the inevitable follow up question: Where did the change go? I have a couple theories on the subject. Most of them involve some type of change hoarding epidemic. I mean, isnīt it logical to think that a place that is taking in small bills and change all day (You can get a full lunch in Ecuador for 2-3 dollars or surf the net for an hour for 80 cents) would have change for your ten at 3pm?

I felt a little better about this quagmire when we met some Americans who had been living in Ecuador for 1 and 3 years respectively who were still as baffled as we were. Of course their amiable curiosity had practically generated into bitter resentment. "It getīs a little annoying when you get a $20 bill at the bank and you canīt eat," one of them told us.

Remarkably, even the banks canīt change a twenty at times. The BANK! In our numerous conversations about change we did meet one guy who successfully got change for a twenty at McDonaldīs.

Maybe Ronald should consider diversifying his business . . .

Posted by Jim & Lisa on October 5, 2004 08:56 PM
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