If you have any of these copies, it is necessary to know how to exchange them so that they do not lose their value.
The US authorities in charge of the design and issuance of banknotes are carrying out a process of renewal of dollar bills that are in circulation. To do this, they are trying to receive all the copies that are mutilated to exchange them for new papers in better condition.
In that sense, both the Federal Reserve (FED) and the Bureau of Engraving and Printing (BEP) communicated how to carry out the exchange and not lose face value of the bills. On the other hand, there is a deadlineafter which they will no longer be accepted anywhere.
Treasury Department
What is meant by a mutilated bill?
All banknotes found are considered mutilated. stained, torn, worn, wet, damp or dirty to the point that its condition appears dubious or makes it difficult to handle for exchange. This condition makes it difficult to verify security measures and opens the door to counterfeits.
Each year, the Treasury Department manages approximately 30,000 claims and exchanges this type of banknotes for a value that exceeds 30 million dollars. Banknotes that are damaged by more than 50% or when it is not possible to verify their security measures are considered mutilated.
What is the process for exchanging tickets?
All those who possess mutilated banknotes must send them by mail to the BEP, or appear in person. There they will be evaluated by experts who will determine if they qualify for exchange or are so deteriorated that they are no longer useful.
If at least 50% of the ticket can be identified as real, with its security marks, the exchange will proceed. Otherwise, if the mutilation was caused by natural factors and the owner of the specimen can prove it, the BEP will act based on the evidence presented.
Source: Ambito
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