What is the "Currency Exchange Shortchanging" scam in Santa Marta?

Question

Accepted Answer

Informal exchange operators near the port and in El Centro shortchange tourists exchanging US dollars to Colombian pesos, using rapid counting techniques or returning an incorrect amount of bills while the exchange appears to proceed normally. The correct rate should be confirmed in advance and bills counted carefully before leaving the window. Use ATMs associated with Bancolombia, Davivienda, or other named banks for peso withdrawals at the official rate. If exchanging cash, use a licensed casa de cambio in a bank building rather than a street-level booth. Count all bills yourself slowly before closing the transaction.

Money & ATM Scams in Santa Marta

Currency Exchange Shortchanging

Experienced a scam here?