Physical care of savings is important so that the value is not affected in any way.
It is normal for us Argentines to decide save in dollarsAnd it is even more normal that we have this cash stored at home. According to the latest report on “Balance of payments, international investment position and external debt” from the National Index of Statistics and Census (INDEC), there are no less than 247,343 million dollars outside the system, that is, in safe deposit boxes or “in the mattress.”
That is why the question arises as to where it is best to store the dollar billsAnd of course, if we leave them exposed to humidity or excessive heat, the banknotes are likely to deteriorate and lose their value over time. To avoid this, below we review the best possibilities for saving money.
Where to store dollars to prevent them from getting damaged
There is something that is important to clarify, dollars will never be as safe at home as they are in the bank. But for those who are suspicious, and more so taking into account Argentina’s banking history, there is a procedure to follow with certain manual skills.
The ideal way is to gather stacks of a few bills, less than 100. Put self-adhesive stacks of paper on them and wrap them in aluminum foil. At the same time, all of this should be placed in an airtight bag, one of those usually used to store food. For greater security, it is recommended to also put in “drying stones” or any method that serves to combat humidity.
On the other hand, you have to be careful when choosing the place in your home where you are going to keep them, and it is also advisable to check their condition every six months, to change the place if it is not suitable or to detect in time the deterioration of the banknotes.
Where not to store dollars to avoid damage
Just as we have reviewed the best places and methods to reserve tickets, it is pertinent to clarify where we should not do so, to avoid their deterioration. Banknotes have natural enemies: sunlight, humidity and heat. The correct humidity to prevent them from being damaged is between 45 and 55%, and in the case of temperature, never above 24º.
This means that basements, which are quite humid places, or attics, where it is usually warmer than the rest of the house, are not possible storage options. Without a doubt, the worst method is to bury them. Another recommendation is not to group a large number of banknotes and to join them together with elastic bands, because over time they wear out, stick together and leave marks.
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Source: Ambito
