The caves of the Buenos Aires City pay less for these tickets and also sell them cheaper. Although they are totally legal tender, savers reject them. You pay less because in theory they are “more difficult to move”.
In the last days what began to happen is that those who go to the banks to withdraw the dollars to buy, within the monthly allowance of US $ 200, do not want them either. And in addition, there was noise in the informal plaza last week when a rumor of a false playpen circulated that caused an exit of $ 400 million from the banking system.
“Consumers around the world are cautioned that it is not necessary to exchange $ 100 bills from the old design for new ones. It is the policy of the US Government that all designs of US currency remain legal tender regardless of when they were issued, ”the Fed announced in 2013, the last time they renewed. the design of the banknote.
The most recent version of US banknotes is the one with a blue band running through it and Franklin’s face is in the foreground, without the oval. That is the bill called “big head”, and the blue band is an additional security measure with which it is sought to avoid counterfeits.
Although there are no “legal” reasons, the “arbolitos” take the old US $ 100 bills at a lower value. The same is true for the lowest denomination dollars.
In banks, the problem arises when it comes to withdrawing, because savers prefer “big face” bills. Not so for depositing, since entities have the obligation to accept any type of legal tender.
The solution for old bills is to send them to the US for replacement by new ones, but this operation is hampered by the pandemic.
Source From: Ambito
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