At which banks can I exchange broken banknotes and what requirements must be met?

In the wallet or inside a box sometimes we usually find a ticket broken in one part or a little torn. That represents a big problem when making cash payments, because they do not accept it. However, the possibility already exists, according to the Central Reserve Bank of Peru (BCRP), to leave said amount in some financial entities. For that, we must perform a procedure.

Where to change a torn bill?

These bills can be exchanged at any bank or financial system office, but the following requirements must be met, depending on the Central Reserve Bank of Peru:

• It must contain the watermark, the ink that changes color and the security thread (this as of January 1, 2020).
• Have at least one of its series and complete numbering, whether horizontal or vertical.
• Have the front and back.

This also applies to the tickets that have been stuck with adhesive tape or have lost their color, or are scratched, with a stamp, a writing, among others. If you do not have any security element, these amounts will be retained by financial companies without the opportunity to be exchanged.

Does a torn bill keep its value?

according to BCRPa ticket deteriorated or divided is worth as much as one that is in perfect condition, therefore, the fact of having them does not represent a loss of value. money as many believe.

What banknotes circulate in Peru?

In Peruvian territory there are bills of 10, 20, 50, 100 and 200 nuevos soles.

When were the new soles established in Peru?

This was in the month of January 1991 when the Law No. 25295 which he established as the monetary unit of the Peru to the “New Sun”. The first coins expressed in New Suns were established from October 1, 1991 and the first banknotes were born on November 13, 1991according to the official website of the BCRP.