Savings that are damaged by various factors do not become useless; there is a possibility of recovering them.
In our country Savings in dollars It remains one of the most popular options for Argentines to take refuge from the devaluation of the peso and not lose capital. And just as it is common to be interested in obtaining them, it is also common to find that the stored banknotes are damaged by factors such as humidity, temperature and sunlight.
Therefore, it is important to know how damaged they are and whether there is a possibility of exchanging these notes for others in better condition. Because sometimes, when they are in poor condition, they can lose value when making transactions.
These are the best places to exchange broken dollars
There are various instances and places where damaged bills are accepted without the aforementioned loss of value. First of all, this problem exists in our country, so if you decide to hoard dollars to travel to the United States, it will not be a problem there because the value will be the same.
On the other hand, there are banks that accept them. And if the client has a dollar account, they can deposit them (as long as the level of deterioration is not so great that the banks do not accept them). Other options are exchange offices and the Central Bank of the Argentine Republic.
Central Bank of the Argentine Republic
It offers a service for exchanging damaged banknotes, but the process can be bureaucratic and slow compared to other options that we will mention below. To do so, you must go to a branch or follow the procedure indicated on the official website of the organization.
Private banks
Most private banks in Argentina accept damaged dollars. Restrictions or conditions may apply. For example, some will only exchange them if you are a client or if the damage is not so severe. It is advisable to consult the bank before attempting to carry out the transaction.
Currency exchange houses
These institutions are usually more flexible than banks when it comes to accepting damaged banknotes. But they are likely to charge a lower exchange rate than banks. That’s why it’s important to check with several exchange offices, as each one has its own rate.
Source: Ambito
