What can be done with deteriorated bills?

What can be done with deteriorated bills?

The institutions in charge of the US monetary issuance is making important changes in the dollar.

In it USAboth the Federal Reserve (FED) and the Department of the Treasury, through the Office of Engraving and Printing (BEP), are responsible for the design and printing of The tickets of its currency, the dollar. At present, they are in a renewal process, with the objective to get some tickets out of circulation.

In this process, both the Fed and the BEP are responsible for redeeming these copies free of charge and granting the new ones to those who sent their tickets for the exchange. This was always like that in the United States, but having so many countries that use this ticket, the question is how do we live on the other side of the world and have those specimens in our power?

False dollars

What you have to do with your broken or deteriorated dollars

To summarize, the Fed announced that Damaged tickets will no longer be accepted: We talk about those who have cuts, are broken, miss corners or show any type of visible wear. There are also those that are stained, discolored or ruined by moisture or high temperatures, to the point that they cannot be used normally.

In our country, since the last law of money laundering, the Central Bank of the Argentine Republic (BCRA) has urged banks to receive this type of tickets, with the argument that He will take charge of sending to the United States For the exchange. And as the laundering period extended more than once, so did this possibility. Therefore, Until December 31customers can take these types of tickets to their banks with the aim of being exchanged.

The dollars that will no longer be accepted

In addition to the aforementioned bills, those deteriorated, with cuts or stains of moisture or heat, will also cease to be accepted those of 100 that were issued until 1969. The date was not yet confirmed, but it is recommended to all those who have these dollars in their possession that get rid of them as soon as possible to exchange them for more new ones.

Source: Ambito

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