For years, the parallel market of the dollar presents a duality of prices between the tickets of “girl face” that are worth less for their age. It is even difficult for some money changer to want to receive them, so savers they do not accept them even in transactions nor through the window of the banks.
This resulted in the financial entities are accumulating this category of banknotes which, according to the Federal Reserve of the United States, have exactly the same validity as those with a large facebut in the market blue dollar they usually quote up to 4% less than the most modern version.
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Smallside dollars are those that were issued before 1996 and although they are older and may be worn, “they have the same legal validity as those with a large face”that went into print after that date the Fed checked.
The decision of the banks before the problem
Faced with an increasingly strict stocks, savers search in exchange houses currencies that serve as stores of value, or that we offer you the possibility of exchanging currency abroad, but they find themselves with the problem of the dollar face small and their difference in value.
This problem reached the banks, since the clients who go to the windows of the entities do not accept that type of dollar. Something for which financial organizations they were forced to take measures not to accumulate these notes in their reserves.
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For example, some banks chose to pay only with the currencies that are available at the moment in their branches. This means that if the client is not satisfied with the dollars that the entity offers, they can come back at another time and try get big face bills.
Other banks are looking for a way to separate those with a small face to export to the United States and that the banknotes that arrive in Argentina are new so that the stock in their vaults of the currencies rejected by savers is reduced.
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