Why do small shops and restaurants in the Philippines refuse 1000 peso bills?

The Philippines is a neighbor of our country. Although they are not far apart, there are great differences in religion and culture. Filipinos also have many strange customs in their daily life and behavior. For example, small shops and restaurants in the Philippines will refuse to accept large bills of 1000. Why on earth is this? Let Lemon show you today.

1, 1000 face value, which is difficult to spend. Will friends feel strange when they hear this answer? If 1000 yuan can't be spent, how can 2000 yuan be spent in China? Why does this strange phenomenon occur in the Philippines? Because 1000 yuan can only be used in many large supermarkets or star-rated hotels in the Philippines, for some small shops or restaurants, the consumption level is different, and they are reluctant to accept large denomination banknotes of 1000 yuan. Because when spending money in small shops or restaurants, many bosses can't even change a 500 yuan bill. So when you go out, be sure to bring more paper money with a face value of 100.

2, it is really inconvenient, which is equivalent to causing trouble to others. In the Philippines, street shops and restaurants account for about 80%, while star-rated hotels and supermarkets only account for about 20%. Therefore, most ordinary citizens generally do not choose to use banknotes with a face value of 1000, because it is inconvenient and the change is quite troublesome. Therefore, when foreigners travel to the Philippines, they must change some small bills at the airport in order to play better in the Philippines.

Shopping in the Philippines rarely costs paper money. It costs about 5 yuan to buy a bucket of instant noodles, and it costs about 36 yuan to change it into pesos. The face value of Philippine coins is divided into 12 50 2 15 50 cents and 125020500 1000 pesos.