The US Treasury department provided important information about the specimens that will be discarded.
One of the most common forms of savings of Argentines remains the dollar ticket. Given the eventuality of devaluations or instability of the weight, most trust this currency to avoid greater losses in the value of their savings. As in Argentina the purchase and sale is restricted, the majority market is the illegal and the way to get them is on the street.
In the illegal market, physical money is accessed to a greater extent, therefore people are exposed to receive false money. Given this situation, it is necessary to know the security measures to check the veracity of the tickets. But another possible problem is the devaluation of the specimens because they are old, being in a state of deterioration or that its future circulation is in danger.
Mutilated dollars
What is considered as mutilated ticket
A group of tickets that are beginning to stop accepting in the United States, and for which the State Department and the rest of the state organizations made exchange campaigns are mutilated. It’s about specimens found in a state of deterioration such that there is only half or less of the original ticket, or its condition is such that its value is questionable.
Tickets can mutilate in many ways. The most common causes are fire, water, chemicals and explosives; damage to animals, insects or rodents; and petrification or burial deterioration.
Can you get a reimbursements of a mutilated ticket?
Anyway, there are different programs to exchange those tickets. The holders of these specimens may receive a refund as long as:
- Clearly, more than 50% of an identifiable ticket as the United States currency is present, along with sufficient remains of any relevant security feature
- 50% or less of an identifiable ticket as the United States currency is present and the mutilation method and the evidence shows that the missing parts were totally destroyed.
Source: Ambito
