Difficulties with exchanging old dollars in Russia were first discuss in the fall of 2024. At that time, our tourists abroad fac refusals and additional commissions. The Association of Tour Operators of Russia confirm problems in Turkey, the UAE, Egypt, Thailand, Armenia and other popular holiday destinations.
Later, some banks within Russia began to refuse to country email list accept old-style banknotes, while others began to buy them cheaper than their counterparts from the new series or to charge a commission for the exchange.
Old banknotes are usually call dollar bills issu before 2006-2009
They are easy to recognize: the portraits of the presidents on them are smaller than on the new ones, enclos in a gray oval and slightly shift to the left. The security in such banknotes is quite simple: there are no color inserts, no holograms, no modern security tapes. They are print on paper with a light shade without the use of additional colors – because of this, they are commonly call “white.
After 2003, the design of the dollars chang and the training program is aim became more complex: blue threads , 3D effects, holography and other elements appear that make counterfeiting more difficult. The portraits of American presidents became larger, and the oval around them disappear. It is these banknotes that banks around the world are focusing on as the “new standard”.
After the resign, the old dollars remain in circulation
According to American laws, they are absolutely equivalent to the new ones. The “age” of banknotes in the USA does not matter: you can still find cash issu in 1914 there. However, in other countries, banks have the right to independently determine which banknotes to work with and which not.
The difficulties that arise when exchanging old banknotes china business directory are largely explain by the increas risk of encountering counterfeiting due to weaker security. This increases the banks’ costs of checking their authenticity and makes them less profitable compar to new dollars.
Why is it hard to find new dollars in Russia
While residents of other countries, especially in Asia and the Middle East, also have difficulties exchanging old banknotes, sanctions are making the situation worse for Russia. Due to restrictions, Russian banks have been unable to renew their foreign exchange reserves through the US Feral Reserve System (FRS) since 2022.
