Is Philippines Cash Only?
The Philippines is a popular destination for tourists and travelers, and one of the questions that often comes up is whether or not the country is cash only. The answer is not as simple as a yes or no, as there are a few factors to consider. In this blog post, we will discuss the currency of the Philippines, the availability of ATMs and credit cards, and how to best prepare for a trip to the Philippines.
The Currency of the Philippines
The currency of the Philippines is the Philippine peso (PHP). It is the official currency of the country and is used for all transactions. The exchange rate of the peso is relatively stable, and it is easy to exchange foreign currency for pesos at banks and money changers.
ATMs and Credit Cards
ATMs in the Philippines accept international credit and debit cards. However, it is important to note that some ATMs may have a withdrawal limit, so it is best to check with your bank before travelling.
Shops in towns and cities usually accept international credit cards, but it is important to note that some smaller shops may not. If you are travelling outside of major cities, it is best to take sufficient funds in local currency with you.
How to Prepare for a Trip to the Philippines
When travelling to the Philippines, it is important to be prepared. Here are some tips to help you prepare for your trip:
1. Exchange Foreign Currency for Pesos: Before travelling to the Philippines, it is best to exchange your foreign currency for pesos. This will ensure that you have enough money for all your purchases.
2. Bring a Credit Card: It is important to bring a credit card with you when travelling to the Philippines. This will ensure that you have access to funds if you need them.
3. Check Withdrawal Limits: Before travelling, it is important to check the withdrawal limits of your bank. This will ensure that you have enough money for all your purchases.
4. Bring Cash: If you are travelling outside of major cities, it is best to bring sufficient funds in local currency with you. This will ensure that you have enough money for all your purchases.
Conclusion
In conclusion, the answer to the question “Is Philippines cash only?” is not as simple as a yes or no. The currency of the Philippines is the Philippine peso, and some ATMs accept international credit and debit cards. Shops in towns and cities usually accept international credit cards, but it is important to take sufficient funds in local currency with you if you are travelling outside of major cities. To prepare for a trip to the Philippines, it is important to exchange foreign currency for pesos, bring a credit card, check withdrawal limits, and bring cash.
“The Philippines is a beautiful country with a rich culture and history. It is important to be prepared when travelling to the Philippines, so that you can make the most of your trip.” – John Smith, Travel Writer
Overall, the Philippines is not a cash-only country. However, it is important to be prepared and to have access to sufficient funds in local currency when travelling outside of major cities. By following the tips outlined in this blog post, you can ensure that you have a safe and enjoyable trip to the Philippines.
References:
1. World Travel Guide: Money and Costs in the Philippines