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How to exchange damaged sole notes?

Posted: Sun Dec 10, 2017 9:54 am
by woodchuck
I should have known better!
The store was busy & I was in a hurry to get home for dinner.
In the process of exchanging a big-ticket item, I was given a 100 soles note with a tear.
Anyone who has been in Peru for even a few days knows merchants scrutinize every sole note, especially the 100's.
Maybe the cashier was busy & didn't check the note or maybe tried to pass off to me; in either situation, I now have a 100 sole note that no one will accept.
In the US any bank will exchange a damaged note; what is the process in Peru?
PS - at least it wasn't counterfeit!

Re: How to exchange damaged sole notes?

Posted: Sun Dec 10, 2017 3:54 pm
by windsportinperu
The possibilities to receive a fake 100 soles bill are very very low. I have never got one of them in my life.

You may go to BN.. Banco de la Nación. BN is almost allways busy , so get there before 9am.

How do you receive a 100 soles bill as change ?

Re: How to exchange damaged sole notes?

Posted: Mon Dec 11, 2017 4:19 pm
by Alan
All banks are obliged by law to accept the bill for deposit as long as there isn't a substantial portion missing. Which bank turned you down?

Re: How to exchange damaged sole notes?

Posted: Tue Dec 12, 2017 9:59 am
by jumpinjack
windsportinperu wrote:The possibilities to receive a fake 100 soles bill are very very low. I have never got one of them in my life.

You may go to BN.. Banco de la Nación. BN is almost allways busy , so get there before 9am.

How do you receive a 100 soles bill as change ?

Take a closer look it came as a refund as he was returning a high ticket item.

Re: How to exchange damaged sole notes?

Posted: Tue Dec 12, 2017 12:50 pm
by bigdaddy
And Woody never mentioned a Peruvian bank turning him down.
Youse guys brought it up.

Re: How to exchange damaged sole notes?

Posted: Tue Dec 12, 2017 1:57 pm
by woodchuck
Rather than going thru all the hassle/time of exchanging at a bank, I exchanged it with a street cambio vender. He was advised of the small tear & offered me 80 soles for the damaged 100 soles note.
As far as counterfeit notes, you have to check the watermark & the feel of the paper.
At least 50% of my expat friends have received counterfeit bills, especially 20's from taxi drivers late at night.

Re: How to exchange damaged sole notes?

Posted: Sat Jan 06, 2018 3:56 pm
by toughrider
woodchuck wrote:Rather than going thru all the hassle/time of exchanging at a bank, I exchanged it with a street cambio vender. He was advised of the small tear & offered me 80 soles for the damaged 100 soles note.


Changing a 100 soles note for 80 soles.
What a rip off!!!

I had a few notes with a part ripped off. Interbank exchanged them for new ones without any hassle.

I often had notes that I accidentally left in my jeans when washing it in the washing machine and I exchanged them without any problems at all.
(I even didn't get arrested for ''money laundering'' :lol: )

Re: How to exchange damaged sole notes?

Posted: Mon Jan 29, 2018 3:14 pm
by woodchuck
Years ago it was much more difficult to exchange damaged money.
The street vendor told us he would mix in the damaged note with his other deposits.
Appreciate all the replies; I & other readers have learned something.
Do street vendors make much money by exchanging soles for dollars?
For 20 soles, he can buy his wife or girlfriend a nice bouquet of flowers.
"live & learn every day..."

Re: How to exchange damaged sole notes?

Posted: Mon Jan 29, 2018 3:57 pm
by mrsteak
woodchuck wrote:Years ago it was much more difficult to exchange damaged money.
The street vendor told us he would mix in the damaged note with his other deposits.
Appreciate all the replies; I & other readers have learned something.
Do street vendors make much money by exchanging soles for dollars?
For 20 soles, he can buy his wife or girlfriend a nice bouquet of flowers.
"live & learn every day..."


Well take it easy: if someone gave you a damaged note then they just have exchanged it with you LOL :mrgreen: I would just return the favor and give the note to someone else :mrgreen:

Re: How to exchange damaged sole notes?

Posted: Thu Mar 29, 2018 6:57 am
by woodchuck
I live by the "Golden Rule".
It was my mistake as I was in a hurry & didn't inspect the bank note.
Why should I cause another person undue aggrivation?