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Philippines - Pesos, US Dollars and Credit Cards

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We are visiting Manila, Boracay and El Nido soon and would like advice on cash and credit cards. In the 1970's, when I lived in Manila for several months, I would buy Pesos at the best rates from small currency dealers who were eager to buy US Dollars from me. I suspect that has all changed. Is it best to buy some pesos before leaving Australia to visit the Philippines or should we take some US Dollars too ? Any advice on best payment options nowadays would be greatly appreciated. Thank you.

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