The United States Embassy in Argentina explained how to replace damaged dollars

The United States Embassy in Argentina explained how to replace damaged dollars

The problem of dirty, old, stained and worn banknotes is over. Of course, you will have to declare them.

The United States Bureau of Engraving and Printing (BEP) usually exchanges the bills broken, mutilated or damaged vehicles free of charge and as a public service. This is something that is not taken into account in our country, but now the American embassy in Argentina has released a statement explaining this.

In the Financial Management sector of the BEP, there are professionals who examine the condition of the mutilated bills and authorize the issuance of a check from the Treasury Department for the value of the dollars that have been exchanged.

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How to replace damaged dollars, according to the United States Embassy in Argentina

He Central Bank of the Argentine Republic (BCRA) issued a regulation requiring banks to accept stained, written on or damaged dollars as long as at least 50% of the bill is identifiable as U.S. currency, or 50% or less of the bill is present in such a way that it can be shown that what is missing has been destroyed.

There are exceptions though, Mutilated dollars will not be accepted. These are considered to be those that have been damaged in such a way that less than half of the bill remains or are in such a condition that their value is questionable. For example, they have been burned or damaged by liquids and cannot be handled without compromising their integrity.

In which cases is a banknote considered damaged?

Any extremely dirty, defaced, faded, torn, or worn banknote where more than half of it is clearly visible and does not require special examination to determine its value is considered damaged.

Source: Ambito

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