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I live in the US and have never worried about cash (paper or coins) not being accepted because they are "old." I have many relatives in India. They all compla
by lizknope 8y ago
I live in the US and have never worried about cash (paper or coins) not being accepted because they are "old."
I have many relatives in India. They all complained about this:
https://en.wikipedia.org/wiki/2016_Indian_banknote_demonetisation https://en.wikipedia.org/wiki/2016_Indian_banknote_demonetis...
- majewsky 8y agoAFAIK the US does not ever invalidate old dollar bills. They're just withdrawn from circulation, i.e. banks return them to the Fed in exchange for new bills.