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Do not sell old dollars for less: exchange offices have no right to refuse banknotes based on year of issue, — Telegraf
Ukrainians encounter refusals to accept old dollars or offers to exchange them at a reduced rate. However, the NBU prohibits this practice.
📍Dollars 1996, 2003, 2006 years and even older remain valid. All genuine U.S. dollar banknotes issued since 1914 retain their legal tender status.
📍Refusing them because of an old design is illegal. If the note is genuine and does not have significant damage, the bank or exchange office is obliged to accept it. Charging an extra fee solely because of the year of issue is also prohibited.
📍It is not necessary to convert dollars into hryvnias. Old banknotes can be deposited into a foreign currency account or deposit, preserving savings in dollars. However, the bank does not guarantee it will issue new banknotes when withdrawing.
📍Damaged dollars are a different matter. Notes with severe tears, stains, or other significant damage may be accepted for collection processing. A fee is charged for such an operation.
📍If an exchange office refuses without legal grounds — file a complaint with the NBU. The regulator can inspect the institution and apply enforcement measures for violations.
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