Can torn US dollar bills be exchanged?

The US dollar (USD) is one of the most widely used currencies in the world.

The symbol USD, also known as the United States Dollar or simply "Dollar," is the official currency of the United States. It is also used as a reserve currency outside the country.

The US dollar is represented in two forms: metal coins and banknotes.

Illustrative image

Can torn US dollar bills be exchanged?

According to Circular 25/2013/TT-NHNN, Vietnamese banks are responsible for immediately collecting and exchanging banknotes that do not meet circulation standards due to tearing, damage during circulation, or technical errors during printing and minting for customers who need them.

The standards for exchanging torn banknotes at Vietnamese banks are as follows:

For banknotes:

- The banknote must be intact and not completely torn.

- The banknote must retain at least 70% of its original area.

- The banknote must still have all its security features fully recognizable.

For coins:

- The coins are not bent or excessively deformed.

- The coins have not lost all their images, patterns, and numerals.

In cases where torn banknotes do not meet the above standards, the bank will examine the specific condition of the banknote and decide whether or not to exchange it. The exchange rate will depend on the extent of the damage.

The processing time for torn banknotes at Vietnamese banks is usually within one day. However, in some special cases, the processing time may be longer, depending on the condition of the banknotes and the amount of money to be processed.

Specifically, for torn banknotes that meet the exchange criteria, bank staff will check the condition of the banknote and exchange it immediately for the customer.

For torn banknotes that do not meet the exchange standards, the bank will examine the specific condition of the banknote and decide whether or not to exchange it. If the bank decides to exchange the banknote, the processing time may be longer, depending on the extent of the damage.

Minh Huong (compiled)

Source: https://vtc.vn/tien-usd-bi-rach-co-doi-duoc-khong-ar851362.html