In it informal exchange marketthe Dollars in the “caves”, the so-called blue dollar in the jargon, come and go. The US banknotes that circulate are of different designs as the years go by, and although they are all valid, they are not considered the same price everywhere.
In the exchange market, there has been a difference for years between different issuances of the dollar. It’s about the dollars “small face”, the “medium face” and the “big face”. In the “caves” They say that small faces are also easier to falsify and that is why they resist taking them.
With that excuse is that the “small face” or “median” dollars are paid less than the newer ones. And also it is not the same if the bill is 100 or a smaller denomination. For those on leave you also pay less.
In general, up to 5% less is paid for small-sided and low-denomination bills than for 100-dollar and large-sided bills.
In any case, the Federal Reserve reaffirmed that all notes issued regardless of date are legal tender and must be accepted.
What are “small face” dollars?
The calls dollar “small face” are the ones that were printed in the USA until the year nineteen ninety six. on the ticket $100 this Benjamin Franklin within an oval frame and which, in terms of dimensions, is smaller compared to the later printed versions.
However, the Federal Reserve ratified on several occasions that the bills are just as validof legal tender and they must be accepted. However, in the city porteña the idea persists that it is necessary to replace them.
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How to change small face dollars?
There are three options to change the girl face bills for those of big face or not lose worth with the first, what would happen in the case of going to the porteño caves.
One is deposit them in the bank and extract them the next day. While there is no guarantee that this will happen, it is likely that the bank will provide newer versions of banknotes.
The second option to deposit them in a account in dollars and use them for any transaction that will use those funds. And finally, the third is, in case of travel abroaduse them there since in other places the design of the ticket does not present problems.
Source: Ambito
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