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I’m not a first time cruiser, but I have a “newbie” question. Most of the ports we will be going to on our upcoming Caribbean cruise accepts US dollars, especially right by the port. However, my daughter’s favorite souvenir to receive after our trips is the local currency. She doesn’t want a lot - just like the equivalent of $5-10. How do I get this without exchanging a lot of cash or having to pay a huge fee for a small transaction? I would love any ideas.

 

thanks,

 

Tammy

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Tell her to buy a souvenir with USD and ask them to give her change in the local currency.  In the Bahamas the money is equal, so she could just give them US money and ask for the equivalent back in Bahamian dollars.  Panama’s currency is also pegged to the dollar so you might do the same.  EM

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Posted (edited)

I like @Essiesmom's approach.  Another is to explain to a vendor you collect foreign currency then ask  to exchange their currency for your $5 or $10.  Ask them to keep a buck for their troubles.  Might be a lousy exchange rate, but we are only talking about a few bucks.

 

Edit:  It occurs that what I'm suggesting could possibly be illegal.  

Edited by ldubs
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On 6/6/2024 at 12:16 AM, ldubs said:

 

 

Edit:  It occurs that what I'm suggesting could possibly be illegal.  

 

Possibly illegal in Cuba when they had two currencies - the local currency CUP (Cuban peso) and the CUC (convetible peso) for non-doms eg tourists. 

But  doubt that many were thrown into jail for exporting a couple of $-worth 😏 

 

JB 🙂

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Posted (edited)
On 6/5/2024 at 12:03 PM, Essiesmom said:

Panama’s currency is also pegged to the dollar

Panama's currency IS the U.S. dollar.  They call it a "Balboa".

 

Another suggestion to the OP is that some vendors in some ports sell blister packs with local coins or currency.  They're very pricey for what you get, but it is an option.  I have bought a few of these over the years from various countries.

Edited by Honolulu Blue
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I totally understand where your daughter's coming from – collecting local currency is such a neat thing. You could try grabbing some from an ATM around the port, just watch out for those sneaky fees some of them slap on.

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On 6/5/2024 at 5:16 PM, ldubs said:

I like @Essiesmom's approach.  Another is to explain to a vendor you collect foreign currency then ask  to exchange their currency for your $5 or $10.  Ask them to keep a buck for their troubles.  Might be a lousy exchange rate, but we are only talking about a few bucks.

 

Edit:  It occurs that what I'm suggesting could possibly be illegal.  

Why would that be illegal?

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5 hours ago, Utah-Tiki said:

Why would that be illegal?

 

Good question.  It probably isn't.  It just occurred to me gov't foreign exchange reg's or black market laws might be strict in some countries.  Or more lax.   I sure don't know and I personally wouldn't worry about it. 

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