What happens to very old money/bills? Do they just get used until the last person gets it and it eventually disintegrates?

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What happens to very old money/bills? Do they just get used until the last person gets it and it eventually disintegrates?

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Whenever a bank receives a note, it’s inspected. When it’s found to be too worn, it will be sent back to the central bank. They will count the bills, burn them, and then count the ashes. You’ll be surprised to see that they are recognisable even after burning.

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