Did you know you can exchange Damaged Banknotes for New ones at Bank?
Yes, damaged banknotes can be exchanged in the bank, but watch out! If you are planning to change the notes, it depends on the degree of damage to the banknotes. So how do you distinguish the degree of damage? At present, the official website of the National Bank has sorted out that according to different degrees of damage, the banknotes can be exchanged for value. Let’s take a look!
The following is the degree of damage or graffiti on the banknotes, and the value that can be exchanged:
- The area of banknotes is more than two-thirds intact: convertible value: 100%
- The degree of damage to the banknote area is more than one-half, but less than two-thirds: convertible value: 50%
- The extent of damage to the banknote area is less than one-half: convertible value: 0, which means it cannot be exchanged
- Banknotes are slightly graffiti: Convertible value: 100%
- The portrait of the head of state of the banknote is graffiti, or the banknote is used as drawing paper: convertible value: 0, which means that it cannot be exchanged
So now don’t simply throw away these banknotes or getting too worried about it.
