Loy
Don't know about tipping, as I never tip (doesn't seem necessary, IMHO).
Otherwise, all transactions are done in roubles, so you need to bring
your dollars to the currency exchange office (there is one at every
street corner). They may reject bills that are torn, even if they're so
slightly torn that you think they'd be accepted anywhere else. I've
changed different denominations (20, 50, and 100) and no-one seems to
care which. I belive charging (and/or paying) in dollars is illegal. You
may occasionally see prices quoted in dollars, but even then you're
expected to pay in roubles.
Bjorn
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Before you buy.
Some people, for example, taxis arranged by a large hotel, may accept
$20 for a taxi ride to downtown. Keep in mind that the same ride will
cost you about $5 in rubles. One dollar bills are not so useful. Five,
ten, and twenty dollar bills are useful to pay interpreters. You will get
a better rate of exchange at a bank, rather than at your hotel. 100s
and 50s are best for exchanging at a bank. Bring relatively new bills.
Dog-eared, torn, or old-style bills will not be accepted.
Pinoke wrote:
> Is it wise to have smal US notes in St. Petersburg or is that a No-No?
> Comments appreciated. TIA
> Cheers,
>
> Loy
Perhaps I'm missing something, but this doesn't seem to make sense to me.
Why would "they get more for their money" if they "get dollars to exchange
[...] for rubles"? To the best of my knowledge, the "hard currency stores"
are a thing of the past, and I don't see how one could derive any benefit
from the need to exchange received foreign currency -- and probably pay a
fee for doing so! -- rather than just recieving the local currency (that
the visitor has paid to exchange).
When you were presented with a bill totalled in both dollars and rubles, did
you compare the different amounts carefully, based on current exchange rates?
I wouldn't be at all surprised if some people "like to get dollars" because
they charge a significant premium for doing so. I know that on a few
occasions when I've noticed a hostel or some other business accepting foreign
currencies, there has been a significant extra cost (on the order of 20-25%)
for using something other than the local currency.
--
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Sounds to me as if you were falling prey to a tourist rip-off scam. In
places with fewer tourists, it is (at least in my experience) very rare
to see prices quoted in dollars, and it's only done for things of
significant value. For example, I've seen it in one furniture shop (But
on the other hand, I was in 4-5 other furniture shops which listed
prices only in roubles).
It seems to me what people do is that they take some savings and
exchange to dollars as an "insurance" against inflation. Then, when it's
time to use those savings, they go and change it back into roubles, and
then go shopping. This is better than putting savings it in a bank
account, as interest rates are low and inflation high (or at least it
used to be high - that may have changed in the last few months).
It can only make sense under the scenario that the person recieving the
money is going to save it for some time. One useful tactic is to change
savings into dollars, wait for the rouble to lose more of its value, and
then change it back (thus getting "more for the money", and not having
to make the initial exchange from roubles to dollars oneself). However,
the rouble is now pretty stable against the dollar, so this is not so
useful anymore, and I think the practice is about to disappear.
> When you were presented with a bill totalled in both dollars and
rubles, did
> you compare the different amounts carefully, based on current exchange
rates?
> I wouldn't be at all surprised if some people "like to get dollars"
because
> they charge a significant premium for doing so. I know that on a few
> occasions when I've noticed a hostel or some other business accepting
foreign
> currencies, there has been a significant extra cost (on the order of
20-25%)
> for using something other than the local currency.
Yes, this is my experience also.
In Dar es Salem, Tanzania we were quote $20 US for a taxi from the
airport into town. When we said that were we using Tanzanian shillings,
the price dropped to about $12.00.
Know the value of the foreign money...before you start any transactions.
Take your time,use a calculator if possible. Don't let anyone rush or
pressure you.
You will appear to be stupid in their eyes if you let them hustle you.
It's your hard earned money. protect it the same way you would at home.