Using cash in Brazil is difficult, at least for us. The ATMs give moderately large bills, usually
R$50s, which is about US$27.51 today. I believe their largest publically circulated bill is the
R$100, but it is infrequenty seen and rarely used in circulation. But changing a R$50 is liking asking someone to change a US$100 in the US. Well I have had difficulty with taxi's or kiosks making change for a
R$20 (US$11) after buying stuff or a taxi fare. It absolutely puzzles me how a food vendor or a taxi cab, can not have
R$5 -
R$10 in change, and we then have to visit 2 - 4 places around our drop off point on foot, to get the exact amount of change. Going to the hospital for the first time to see Laura, our regular taxi was not available, and I was anxious to see the baby and such, I just let the taxi keep an extra R$3 instead of wasting more time with this changing money dance. So little money must change hands in Brazil, that so few reais are available to be used as change. Forget about anyone having change for a R$100 (US$55). The hospital bill was R$818, as it included a consult for Laura as someone besides our scheduled doctor took out her cerclage. Instead of making change for from the R$900 I submitted, she just gave me back an R$100. It was an unexpected discount of R$18 = US$9.90 that I gladly accepted. And forget about the coins. They have
2 different types and sizes for each of the same denomination, it is just crazy, they should capture, collect and standardize the coins.
You can view the Brazilian Real bank notes and coins here from Wikipedia.
Comments:
September 27, 2008 07:15:52 AM posted by Christopher
Opening a bank account here is difficult and requires a CPF, similar to a social security number in the US. The local ATM card at the same machines will dispense the same bills. The only solution is to use the teller to make change, but we try to limit our exposure and not go out with large bills or carrying any cash. So once you have a large bill, you are stuck with it until you can visit a bank. But visiting a bank can be a risky situation, and you have to be super attentive.
September 26, 2008 02:54:03 PM posted by Uncle Matt
Can you open a Brazilian bank account? Deposit your ATM'd cash in a local account and then get teller service for smaller bills. Perhaps a local bank ATM card would also give smaller denominations.