It is normal for Argentines to keep foreign currency bills in hiding places and this causes problems when using them.
The monetary drama in Argentina brings different consequences. The refuge in a more stable currency, in this case the dollarseems to be the most viable option for the population to avoid seeing their savings devalued. But the well-known currency restriction makes it impossible to buy dollars legally.
That is why it is normal to buy in the illegal market. Arbolitos, caves or exchange houses. This leads to obtaining physical bills, and there are certain misgivings with some in particular. For example, the “small faces”, These are dollars issued before 2013 by the United States, and which our country’s money changers tend to devalue.
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How much is the “small face” dollar worth, according to the United States Government?
The policy of the United States government is that all banknotes in circulation retain their face value regardless of when they were issued. Therefore, whether they are large or small face, in the North American country older banknotes are not devalued.
This policy covers all banknote designs, regardless of face value, from 1914 onward, issued by the chartered banks of the United States Federal Reserve and authorized by the Department of the Treasury and the Bureau of Engraving and Printing.
Source: Ambito
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