The Federal Reserve and other agencies are making a renovation that could affect the savings of Argentines in dollars.
To avoid possible falsifications and problems that can bring old dollar ticketsthe Federal Reserve (Fed) and the Office of Engraving and Printing (BEP) of the United States are doing an exhaustive exchange work to get exemplary circulation with signs of deterioration, dirt, old age or breakage.
This affects us Argentines because many have chose to save in dollars. And in recent years, the fastest way to get them was in the informal market, with physical tickets. In any case, the Central Bank of the Argentine Republic (BCRA) is urging banks to accept them to send them to their exchange.
In the mattress
This was announced by the United States: the dollars that will not be accepted
For US institutions, tickets that have anymore can no longer be accepted cuts, missing corners, spots, discoloration, visible marks or moisture or heat deterioration. With this new regulation it is likely that national banks are forced to use the same criteria as Fed.
While it is not an immediate change in customs and the use of dollars, it is likely to be a transition. And these changes will affect, to a greater extent, those who have saved tickets for many years. Therefore, dollars in the mattress could cease to be accepted. In addition, new specimens of 5, 10, 20 and 50 dollars will be issued.
The new tickets and when they will begin to circulate
From 2026 to 2034the Treasury Department, through the BEP will design new 5, 10, 20, 50 and 100 tickets dollars New security measures will be included to guarantee a more infallible method to verify counterfeit specimens.
The world is going towards a digitalization of money, but the custom of making transactions with physical tickets is entrenched. Especially in formal or partially banking sectors. In addition, after experiences such as the corralito nobody gives their dollars to the banks, so it is likely that many savers have old tickets.
Source: Ambito
