Damaged US currency bills are becoming a problem for Argentine savers, so we’ll tell you how to exchange them.
On more than one occasion, the United States Federal Reserve has reported that the old dollar billstorn, stained, dirty or worn do not lose value. All copies issued after 1913 by authorized banks in North America have the same validity as they always had.
However, this is not the case in our country. Savers and the City of Buenos Aires, the caves and the trees look for the large-faced 100-dollar bill and discount the value of all the others. In order not to lose money in the attempt to save, both the Bureau of Engraving and Printing (BEP) of the United States Department of the Treasury and the Central Bank of the Argentine Republic (BCRA) have options for the holders of these old bills.
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How and where to exchange damaged dollar bills
He The BEP exchange service for old banknotes for new dollars is completely freeWhat happens in our country is that there is a cost to send them to the United States for that exchange. At this time, the BCRA issued a statement saying that it will cover this cost until December 31 of this year.
To do this, it is important to know the condition of each dollar bill. Any dirty, defaced, disintegrated, faded, torn, worn bill that has more than half of the original bill and does not require specific examinations to determine its value can be exchanged.
In the case of mutilated banknotes, these can be sent directly by mail to the BEP. The letter must include clear and detailed information about the bank account to which the money should be sent once exchanged.
In other notes, we have specified what is considered a “mutilated” bill and what deadlines the BCRA has to receive these dollars and send them to the North American country.
https://www.ambito.com/economia/la-embajada-los-estados-unidos-argentina-explico-como-reemplazar-los-dolares-deteriorados-n6042836
Source: Ambito
