Banknotes Unacceptable in Business

Shavkat

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In my country Philippines, it is not allowed to have banknotes that are considered unfit and mutilated. We cannot accept these money because they cannot be used in business per se. How about in your country? Do you have this kind of concern about banknotes?

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Image Credit: primer.com.ph
 
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cherry123

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Sure that's how it should be you need to keep your banknotes secured and secured
you don't have to be careless with it or you lose money in the long run.
 

Heatman

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In my country Philippines, it is not allowed to have banknotes that are considered unfit and mutilated. We cannot accept these money because they cannot be used in business per se. How about in your country? Do you have this kind of concern about banknotes?

View attachment 1060

Image Credit: primer.com.ph
Citizens are actually supposed to keep their banknotes very clean but it is something that cannot be avoided here in my country because there are so many currencies that have been mutilated but it's still used for business.
 

SHAHID987

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If there is any mark on the photo of our leader Quaid-e-Azam Muhammad Ali Jinnah, then this not will note be acceptable nobody can use it in business and the only option left here is to go to State Bank and exchange it.
 

eldavis

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Over here there are persons who do not accept banknotes that where not properly taken care of though, but others usually accept, while in most cases you simply take them to the banks, they would accept it.
 

Niyi Briggs

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The way people reject banknotes here is increasing. The funny part is that I am not always meticulous in checking the notes before I take them. I end up not being able to use them..
 

IB D

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The saving grace in my country is that you can exchange these mutilated notes at the bank for better ones. Banks are not permitted to reject a currency note no matter how bad it is.
 

Heatman

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It is good to always ensure you keep your banknote neatly and place it well inside your wallet so that it will not be tough.
This is something that I try to do as well because it is a disrespect to the country's currency when you mess it up so bad and want to use it for business transaction.
 

astutimeliana723

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In my country Philippines, it is not allowed to have banknotes that are considered unfit and mutilated. We cannot accept these money because they cannot be used in business per se. How about in your country? Do you have this kind of concern about banknotes?

View attachment 1060

Image Credit: primer.com.ph
In my country, damaged banknotes must be exchanged at the bank, as long as the serial number is still there, there is no problem that they can still be exchanged for new money. As for transactions, traders usually don't want to accept damaged money, because it will be difficult for them if they have to come to the bank frequently.
 

Authenticity101

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It is the same here in my country. If the banknotes are too damaged, people don't accept them in their businesses. So as a business owner, you have to be very careful when receiving the money. You don't want to make a loss from damaged money.
 

Niyi Briggs

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This is something that I try to do as well because it is a disrespect to the country's currency when you mess it up so bad and want to use it for business transaction.
That is why they banned spraying of the country's currency at events but people don't even abide with it. The currency must be respected. And business people too must keep their currency safe as no one would accept a mutilated currency notes.
 

Heatman

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The saving grace in my country is that you can exchange these mutilated notes at the bank for better ones. Banks are not permitted to reject a currency note no matter how bad it is.

Although there is a part of Nigeria where they don't reject any banknotes no matter how the money has been damaged and it's in Abuja.
 

Bisolami

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It is good to always ensure you keep your banknote neatly and place it well inside your wallet so that it will not be tough.
Some people will tear it and even use a seal tape on it then the note will look very rough that no one will like to collect it again. In that way, the person has lost an amount of money
 

eldavis

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No, we don't select our banknotes. It is a crime to reject any banknotes no matter how bad it is . so discrimination.
Yes this is how it is suppose to be, but so many people don't do this. I have accepted a lot of bad bank notes before in the past and when i tried using them, they get rejected. The place i can count on to always take my bank notes no matter how bad they are are the banks or filling stations.
 

Starmix

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I have not experienced a bank note. It seems also legal and in case I'll encounter this despite legal but I will not accept it. It's better be safe than to feel sorry.
 

cherry123

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Yes that's how it is suppose to be, but so many people still want to reject especially what they termed bad note. But it is not supposed to be this way
 
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