I'm travelling to the Philippines and ordered/received my pesos in advance as I'm not sure if there will be many cash machines in the areas I'll be going to, that and I also don't trust my bank to enable my card abroad due to previous issues even after telling them exactly where I will be in the world and when. I'm staying with friends and family and therefore have no major expenses like accommodation etc. for the 10 days that I'll be there. I'm also not expecting any major travel expenses.
While I requested 'mixed denominations' when ordering my currency, 17000 out of the 18000 pesos were in 1000 peso notes. Technically this is mixed and I'm not complaining, but I have a feeling that I'll be needing lower denominations such as the 20 and 50 notes that the last 1000 pesos was broken down into.
My question is this: Am I right in anticipating problems in trying to use 1,000 peso notes for local cuisine, trike rides, small souvenirs etc. or is it more common than I think? Should I go to my local bank and try to exchange the notes for lower denominations (which my instincts say I should)?
I'm not concerned in terms of security as I won't be carrying much with me at any given point, although obviously it's likely I'll be carrying a 1,000 peso note at the moment!
Note: I already know the total amount of pesos will be fine for my purposes