In Russia, the problem of accepting old dollars is increasing

Russian banks are refusing to accept old dollar banknotes issued before 1996. This was stated by economist Kirill Shcherbakov in an interview with Gazeta.ru.

Why did banks stop accepting old dollars?

According to Shcherbakov, the main reason for this is sanctions and financial restrictions. Previously, Russian banks could send old banknotes to foreign banks and exchange them for new ones. However, such operations are now limited, which complicates working with old dollars.

Old dollars are also causing problems around the world

Also, in many countries, especially in Southeast Asia, India, Indonesia, Africa and Latin America, there is an increasing refusal to accept old dollars. The reason for this situation is that old dollars are more susceptible to counterfeiting than new banknotes.

Advice from an economist

Kirill Shcherbakov recommended exchanging old dollars for new banknotes or buying euros before traveling. Because the euro is a widely used currency in the world and there are no restrictions on its acceptance.

It was found that Russian banks are refusing to accept old dollars due to sanctions and currency exchange problems. Therefore, citizens should check their currency and take precautions before traveling abroad. Follow “Zamin” news on “Telegram”