Thousands of people in Peru have the habit of stamping or writing on their bills; however, this action is illegal and carries a fine of up to 3,400 soles. What's the reason? Find out all the details of this curiosity in the following lines.
YOU CAN SEE: The Peruvian currency of Pope Francis: How much does it cost and where is it sold?
The practice of stamping bills is frequently done in informal exchange houses located in different regions of the country, in order for the customer to make a claim days after exchanging their money.
Why did the BCR ask not to stamp the bills?
The Central Reserve Bank of Peru (BCRP) requested people and exchange houses not to stamp the bills because it damages them and hampers the proper identification of their security measures. In addition, this action would entail a fine of 3,400 soles.
How to exchange a torn bill in Peru?
People who have a torn bill in their possession can exchange it at any financial institution office, but they must meet a series of requirements to prove its authenticity.
The bill must have more than half of it, a watermark, color-changing ink, and a security thread. It must also have both the front and back and complete serial numbers.
For more information, visit Líbero.pe