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?
Ive never paid for anything in Australia in cash with any other currency except AUD, and i highly doubt any store would legally accept anything else other than AUD (unless a mum and dad store and they are cool with it, but even then probs unlikely)