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Am I allowed to keep or spend (non-A$) cash in Australia? (lemmy.zip)

submitted 10 hours ago by LtDan@lemmy.zip to c/australia@aussie.zone

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I've heard about a movement about keeping cash alive. However, am I allowed to exchange or keep "foreign" cash in Australia despite it being worth more? For example, I hoard cash via the following currencies: USD, BBD, OMR, KWD, PLN, GBP, EUR & AED to name a few and most are higher value than Australian Dollar.

I mean, will stores (in touristy parts of Sydney) accept the following in cash (mentioned above) directly for transactions. Like for instance: this item costs A$50 but gave them a 200€ (A$330) bill as payment, will they take that at face value due to that being worth more despite it being the second most traded currency globally?

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[–] slazer2au@lemmy.world 2 points 4 hours ago

Not likely, you may be able to slip a NZ coin or something in a stack but of you try to hand a euro note over the staff will say no because their terminals won't know how to handle the currency conversion and will make end of day a pain as they now have a euro note.