While the Federal Reserve has indicated that they do not lose their value, many people are interested in replacing their old dollars with new ones.
In the United States, any dollar billas long as it can be identified at least 80% of the time, it is still useful and should have the same value as a healthy one. But in our country there are all kinds of differences. First between the old ones, called “small face” and those issued after 2013, the “big face”, which have more security measures.
In addition to these cases, there are different variables that make one banknote worth more than another, and in the informal market there is a tendency to value less banknotes that are damaged, dirty, moldy, worn, burned, torn, cut, stained and with all kinds of damage due to use.
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These are the places where you can exchange torn or stained dollar bills
While it is a good alternative to try to change them, it is not usually free. In the first instance, The notes can be deposited in a bank. For this, a savings account in dollars is required. In these cases, the bank usually sends the bills to the United States to make the exchange, but this process costs money and is normally paid for by the person interested in renewing the bills.
Another more obvious alternative is Travel to the United States, where banknotes do not lose value. They can be used for shopping or exchanged at a bank. In any case, it does not seem profitable to make a trip just for this reason, but rather to take advantage of one that was previously planned. And the last option is to try to exchange it at an exchange office, for which a cost of 20% must be paid and is paid by the person interested in renewing their note.
Source: Ambito
