Although many people decide to pay by card or online, there is still no shortage of supporters of cash. However, few people know that the owner of banknotes and coins is responsible for ensuring that they are in perfect condition. Especially since otherwise, in a store or while using another service, you may encounter an unpleasant surprise. If you want to pay with a torn banknote, you may be refused by the seller.
When to exchange banknotes? Better not delay
The issue of the need to replace a damaged denomination has been regulated by law. In the order no. 31/2013 of the President of the National Bank of Poland of December 17, 2023, you will find detailed information on this subject. We can read there that the following are subject to replacement:
- banknotes frayed, torn, glued, torn, excessively dirty, stained, discoloured or otherwise damaged, e.g. by having a permanent inscription, print, drawing or other mark on them,
- coins and their elements, i.e. the core and the ring, which are primarily mechanically damaged, worn, of a different colour, corroded or have a permanent inscription, drawing, print or other mark placed on them.
Where can I exchange a torn banknote? You can do it at these locations
Of course, we are talking about , the authenticity of which does not raise suspicions, and in addition, despite the destruction, you can recognize what their face value is. It is worth remembering that in the case of contamination, you must provide what type it is. Of course, you can exchange it at the cash desk of any bank in Poland. In the case of cash up to PLN 2,000, you can send it along with the application by post to the National Bank of Poland.
When to exchange banknotes? When to exchange banknotes? Photo: Private archive
Want to exchange money? Be careful, you won’t get a penny for that.
If you notice that the ones you have are damaged, you better hurry up. In case of serious damage, you may not get a full denomination in exchange. This only happens in the case of banknotes that have retained 75 percent of their original surface in one piece or have been torn into a maximum of 9 parts, which constitute its entirety, and coins in one piece or in two full parts, i.e. the core and the ring. If you’d like, please vote in our poll below.
- For banknotes that have retained 45 to 75 percent of their original surface, or coins with one element (core and ring), you can count on half their face value.
- If the banknote is preserved in one piece constituting less than 45 percent of its surface, you will receive nothing for it.
Source: Gazeta
Bruce is a talented author and journalist with a passion for entertainment . He currently works as a writer at the 247 News Agency, where he has established himself as a respected voice in the industry.
