I tried to change a $100 bill at an official currency exchange counter at the local mall here in Bangkok today. It was refused. The reason the teller gave me: It had too many creases in it.
I used to be able to change my U.S. dollars in Asia no matter how old and worn they were. Interesting. — Larry
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{ 7 comments… read them below or add one }
Larry, you sent us emails stating that we could have had profits of big percentages on commodities that you had picked some months ago, but you do not show the ones that did not make big moves or even lose some money.
How are we to know which ones to buy and which ones to avoid?
I think either you show the whole return with winners and losers in it or just publish an average won or loss for the period.
I think this would make it a lot more credible and honest, for us followers of your approach.
What say YOU?
When I was preparing for a trip to Thailand last year, I read a guide book that said that any currency that is torn isn’t accepted. And while I was in Thailand last fall, I tried to pay for something using a $5 bill (USD) at my hotel, but it was refused because there was a small tear in it.
its scary to think how bad the worldwide perception of our dollar has become. any idea if i should get out of homeloans and mortgages to look for a gov’t job? these may be the the only ones left
brian FHA homeloans,refinance
We have this problem throughout the former Soviet republics thanks to counterfeit dollars everywhere…no more of the ‘mai pen rai’ concerning dollars..
It’s normal Larry, Thailand can’t print dollars.
Larry: I live half of the year in Bangkok…within the visa carte blanche…and the other half in
Maine. When not in Bangkok or Chiang Mai…then in Bali or others. Ahem….the dollar bill
is a hard one as well in other Asian countries. Then again…in some places the exchange
rate for the dollar bill is higher than for the travel checks. In Bali…in some remote place
there would be an unusual higher rate for the dollar. It just didn’t make sense. And the
buyer was frantic in buying it. But then…even the dogs didn’t bark in those places. But
your description of a torn 100 dollar bill had been refused even when the baht was up
in the forties. So it’s nice to blame the demise on the present bete noir of the dollar when
one would be more concern in how to take advantage of the exchange rate. Ever Bank offers
CD’s in various currencies…their main offer in BRIC. Another way is to open an Bank
Account in Bangkok and had transferred your dollars when the exchange rate was
higher. Or try trading the forex market. I don’t advice this, unless you are acknowledgable
as a currency trader. The forex market is different from the stock market, so don’t try to
fade it as both being the same. About time for the mangoes……..? Yeah?
ciao,
Tony
I live in Redding, CA, USA. Businesses here will not take $100.00 bills either.
Too many counterfeits.
This is a problem everywhere!