It is important to know that even if the banknotes are stained or worn, they should not be discarded. Below we show you alternatives.
The preferred method of saving for Argentines continues to be the purchase of foreign currency, more specifically the dollar. The market that provides these bills It is illegal for citizens to withdraw their dollars, so it is done in cash on the street or in the so-called “caves”. This makes it the responsibility of each person to store and take care of the dollars, which are therefore susceptible to deterioration.
Previously, we have mentioned the best ways to preserve their physical integrity by storing them in a way where they are not in danger, but in the event that they have suffered any damage, it is not irreversible and there are different ways to make them valid.
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Does the BCRA accept broken or damaged dollars for exchange?
He Central Bank of the Argentine Republic does not accept torn or damaged dollar bills to exchange them for other healthy ones and give them to the citizen. But it is true that if the dollar is at least 80% healthy, it can be deposited in the dollar savings account that the user has in his or her specific bank. Then, one can come back on a different day and make a withdrawal, and with a bit of luck, receive another bill that is in good condition.
According to the national agency’s employees, “if they have minor details such as slight wear, a small stain or a cut, we accept them, but if they are poorly maintained, they were left in a damp place and are yellow or all stained, we don’t.” And even if customers protest, banks can impose their own rules for accepting dollars.
How to exchange dollars in bad condition
While it is true that in our country the possibilities of exchanging dollar bills in poor condition are practically zero, in the The United States, the Federal Reserve and the banks in that country do receive these bills. and they exchange them for more intact copies. Therefore, one of the possibilities is to exchange them on one of those trips to that country or to spend them there, where they do not lose their value.
But not everyone has that possibility, and as we have mentioned, if the damage to the bills is not so pronounced, they can be deposited in the dollar savings account in the banks that exist in our country, with the hope that they will be accepted there and if you make a withdrawal another day, it is most likely that the bill received will not be the same as the one that was deposited.
Source: Ambito
