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The BCR informed the public that torn or damaged banknotes do not necessarily lose their value, as they can be exchanged provided, they meet the requirements established by current regulations.
Through its educational program “Conozca su Dinero”, the institution aims to guide salvadorans on the proper handling of cash, the security features of banknotes, and the procedures for requesting replacements for damaged bills.
The BCR explained that, according to Article 40 of the Ley Orgánica del Banco Central de Reserva, mutilated or damaged banknotes can be exchanged for others in good condition through banks within the financial system, provided they meet certain conditions.
In the case of a banknote that remains intact, it must retain more than half of its original size and allow for the clear identification of one of its serial numbers.
When a banknote is torn into two or more pieces, these pieces must be able to be joined together and represent more than half the original size of the banknote, while also allowing for the identification of both serial numbers.
The BCR emphasized that a torn banknote does not automatically mean the money is lost. Therefore, it recommends that citizens check the condition of the banknote before discarding it and go to a bank to exchange it if it meets the requirements.
The institution also reiterated the importance of taking care of banknotes, as their deterioration forces them to be withdrawn from circulation and replaced before they reach the end of their lifespan, which represents a cost to the country.
As part of its recommendations, the BCR urged the public to avoid folding, wetting, staining, tearing, stapling, crumpling, or perforating banknotes in order to keep them in better condition.
In addition, through the “Conozca su Dinero”, program, the BCR encourages citizens to learn how to identify genuine banknotes using the “Touch, Look, and Tilt” method, a practice that allows them to recognize security features and reduce the risk of receiving counterfeit money.
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