3 ms·
> That’s another one of those US-isms that blow peoples minds: that dollar bills of any age are legal tender. That's not so impressive when the National Bank o
by ACS_Solver 3y ago
> That’s another one of those US-isms that blow peoples minds: that dollar bills of any age are legal tender.
That's not so impressive when the National Bank of Sweden for instance is legally obliged to exchange any banknotes it issued for current ones, regardless of their age. You can theoretically get current money in exchange for a 17th century obligation or certificate issued by the bank, though even early 20th century notes are worth more as collection items than their nominal value.
- alkonaut 3y agoThey do, but it's a hassle and means people are reluctant to keep money in their mattresses (which might be a good thing). It's unfortunate when it comes to resilience however. Realizing after the big two-week-blackout that the 10x SEK500 bills you stuffed away for this emergency are invalid and would need to be posted to the central bank before you can eat, is not a good experience.