The Central Bank of the Argentine Republic reported news on the treatment of banknotes in poor condition.
In the Argentine Republic, interest in the dollar is normal. And given the restriction on free purchase and sale of the currency, the only supplying market is the parallel one. This only offers cash, so transactions are subject to receiving copies in good or bad condition.
As if that were not enough, when trying to sell the bills that are dirty, somewhat torn, stained, or belong to older designs issued by the Federal Reserve (FED), buyers tend to lower their price, so it is likely that they will lose their value over time. To prevent this from happening, the Central Bank of the Argentine Republic (BCRA) offered options.
Deteriorated dollars
Banknotes: this is what you should do so that your dirty or broken dollars do not lose value
The first of the options to exchange these old, stained, dirty or torn banknotes is to deposit them in a bank account. The Argentine monetary authority will cover the shipping costs to the FED so that they can be exchanged, because it is US policy to replace copies that deteriorate over time.
Although it is true that sometimes banking entities do not accept damaged or “small face” bills, it is also true that given the possibility of an exchange they will welcome the possibility of renewing their dollar space, which is why the national government trusts that now they do accept them.
Source: Ambito
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