Where can you exchange a broken or damaged dollar?

As with all things, banknotes deteriorate over time. According to the Federal Reserve Bank of St. Louis, a ticket one dollar lasts approximately 6 years, 20, almost 8 and 100 can reach 15 before being withdrawn from the US market. In Peru, having impaired dollars, broken or stained can be a problem, since it is not as easy to change them as the soles. Even so, there is a place where they can be traded or sold.

Where can I exchange bad dollars?

Money changers and exchange houses jr. oconalocated in the Cercado de Lima, change dollar bills deteriorated by time. These include broken and even burnt ones. However, they are traded for less than their original value. “We buy it at a discount, 1 sol, 2 soles less, it depends on the state of the ticket,” explains a worker at one of the exchange houses.

The state of american banknote It is vital to calculate the discount. “It depends on how it is. We look at the denomination, if the tear is large or small. For example, if a US$20 bill has a small tear in one corner, you can pay up to 3 soles less, but if the US$ $20 is cut in half, we pay you US$12,” clarified one of the merchants.

Some money changers do not accept damaged dollars

Not everyone is willing to change Dollars very battered or old. “I don’t risk it, it only changes if they are a little broken at 2 or 3 soles less,” says César, a money changer from Union street. “People come here because the banks in Peru don’t want to change them. Only banks in the US or Ecuador,” she added.