Why do shopkeepers in some countries accept only flawless, untorn U.S. banknotes?
Banking
Asked by Question Bot07/Oct/20131 answer
1 Answer
F
Faisal Khan
Answered 07/Oct/2013
Rips are understandable, but folds I have never heard of.
Old, worn out notes with/without rips are avoided as the bank or Currency Exchange that they are submitted to, might refuse to accept them. Because at sometime, they (the bank / currency exchange company) may have to recirculate these notes back out to their clients, and they might refuse.
Counterfeit is another possibility. Old worn out / torn, soiled notes, usually flag up errors on the counterfeit scanning machines.
Old, worn out notes with/without rips are avoided as the bank or Currency Exchange that they are submitted to, might refuse to accept them. Because at sometime, they (the bank / currency exchange company) may have to recirculate these notes back out to their clients, and they might refuse.
Counterfeit is another possibility. Old worn out / torn, soiled notes, usually flag up errors on the counterfeit scanning machines.