The possession of this type of banknotes is a problem in our country, because some consider them less valuable.
He Central Bank of the Argentine Republic (BCRA) extended until March 2025 the program that allows redeem the oldest and most damaged dollars to get new ones in better condition. The initiative seeks to avoid devaluation in the informal market. The new deadline is until March 31 of the current year.
It must be taken into account that in the United States, the organizations in charge of the design and issuance of banknotes usually carry out programs of these characteristics that are free for citizens. In this case, the BCRA will be responsible for the expenses involved in the sending the copies to the United States and the return of the new banknotes.
dollar face girl
What is the operation of the program
The program consists of communication with United States organizations and in this way, through the participating banks, “small face” bills and other copies with physical deterioration are received to be sent to the northern country and exchanged for others. new ones at no cost.
However, Not all banks are required to participate in this initiative. So far, only entities such as Banco Nación and some provincial banks have confirmed their membership. Before making the change, it is essential to check if your bank offers this type of service.
Guide: how to change “small side” dollar bills
First of all, it is necessary to verify if the bank to which you belong is a member of the initiative. Then, you must deposit the bills that you want to redeem over the counter into your dollar account. There you can choose if you want to deposit them in your savings account in dollars or simply withdraw the new bills. And the last step is to regularize undeclared dollars.
If they are not registered, it will be necessary to include them in the money laundering process.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
