What happens to very old money/bills? Do they just get used until the last person gets it and it eventually disintegrates?
In: Other
I worked in a bank when I was younger. When we had bills that were damaged in anyway we’d put them aside and collect them. We’d make out a transfer for them when we’d get our usual cash shipment and send them back for exchange.
After that, the old bills will be destroyed via whatever process they use but don’t advertise. I assume its burning them.
Bank has criteria they compare cash too if it is in the destroy category the bill is sent for destruction and the bank is issued a new bill to replace the destroyed currency
Latest Answers