dollar savings banknote It is a classic among Argentine savers who feel safer with this investment than with other more sophisticated instruments. However, more than one of them gets a headache when Dollar face girl. This occurs when the official dollar is trading around $145 and the consolidation dollar, which is currently trading above $240.
This is a $100 bill that’s been on the market for several decades. and it has a portrait of the face of the North American hero, Benjamin Franklin, in small size for the latest designs. Therefore, it is colloquially called “Dollar Face Girl”.
that is design least favorite In the Buenos Aires Exchange House and this is why many savers reject it when tourists or banks give them one.
But in the following note we will tell you how to settle your savings in small expensive dollars so as not to lose money and calculate your income.,
The Truth About the “Small Face” Dollar: Why Is It Worth It?
Take a Benjamin Franklin, as they say $100 billvery good, and many, even more, especially in Argentina, where Dollar In highly valued and prestigious. However, if it is Dollar ,face girl“Can be a headache for more than one saver.
Why? That’s why In exchange house Unofficial (known as caves) and small trees on Florida Street pay a lower percentage for them than others bank note of the same value, But they have another design, and this happens when doing certain transactions in dollars, even in legal circuits, such as real estate, because the other party rejects them.
Moneylenders got a gadget to make up the difference.
Small face dollar: what is it and how little is paid
The discount that is given may vary by location, but according to a financial source consulted by iProfessional, These small-sided $100 bills get paid between 2% and 4% less compared to other people of the same denomination these days.
Those who have already gone through this situation know for sure which banknote Dollar It is (this is something that no one forgets because without eating and drinking means a loss of wealth), but for those who do not know them it is important to know that they are the ones who The small shape in the center of the note in an oval has the face of a famous member of the founding group of the United States of America. (Boy, especially compared to the most current, in which Franklin’s face was gaining more space).
These bank note were printed in the United States until 1996, but still in practice in the northern country without any discrimination with respect to others of equal value, However, in Argentina and other countries of the world, they are viewed with distrust and given little importance.
Are expensive saliva dollars worth less for justifiable reasons?
But what is the reason for this situation? As Gustavo Quintana, from PR Corredores de Cambio, tells iProfessional, “It arose because they bank note They have a lower level of protection than new ones. and in the parallel market they began to reject them to avoid operating with Fake note,, Other than that, there would be no other reason to justify it.
,This is a revival as the newcomers have more and more a safety band”, Says the voice of a financier. Furthermore, it is clear that all money changers there are detectors apocryphal banknotesSo it doesn’t seem like a very convincing argument, except for the fact that, in some countries in the region, they have the same problem and who would support this phenomenon on the pretext that foreigners visiting Argentina would also reject them. let’s do it.
From oldest (smallest face) to newest, this is how the $100 bill changed.
So much so that Quintana remarked that “he even came out of the realm of ‘custom’ caves and moved to other places”. For example, in transactions of real estate, cars and other goods in dollars, there are problems little face dollar,
But, he assured that, “Technically, There is no valid reason to avoid it or pay less“, especially because, as mentioned earlier, “you go to the United States and have no problem with those” bank note of Dollar,
the last straw is that even banks They are facing this problem because customers who buy dollars in that legal circuit no longer want to get famous”small side bills“They come to the branch and want to get only the most modern designs,” he says in a unit.
Small expensive dollars are paid less: does this apply to sales?
Already tired of this type of case and the many inquiries from the public and journalists on the subject, the communications chief of a bank recently called a cave in town and asked about the value of blue.
“They sold me for $200 and they bought me for $190. I asked if it was worth dollar face girl And he replied to me that he was paid $180. Then, I asked, since they are cheap, will they sell me tickets? face girl less than $200 and the answer was, of course, negativesays the hero of the story.
Clearly, he knew the answer, but he wanted to show the operator of dollar blue that his proposal had no valid justification. “This behavior is driven by caves steal For people with minor changes girl face“, explains the banking source.
The practice of paying more for more new bills in caves moved to a formal setting.
As a result, many organizations have put communications in the branches in which they warn. Danger! And they deny that they are of little value so that the customer is warned.
Meanwhile, a source at a financial institution explained that “this is a revival that began in a large financial institution that started doing this on the pretext that other countries don’t accept them,” but, over time, It got established as one. accepted the truth little face dollar They are of lesser value, however when it comes to selling them, they charge them the same as the normal price and give the customer nothing to say.
And the revival of some informal money changers doesn’t end there. But the source says that, In recent times, disapproval of bank note $100 (yes, a hundred pesos, that’s not a typo),
“When you go to buy with dollars bank note Regarding violets, they tell you they don’t want them because they need many to raise a considerable amount. Some want to get them for a lower price because they like $500 or $1,000, but BCRA continues to issue those papers and has no problem with them,” he warned.
Do You Have a Small Dollar?: There’s a Solution
However, all is not lost for those who have savings under the mattress. little face dollar, There are options to replace them without losing value, But of course you shouldn’t go to the market with them Blue Because, as mentioned earlier, there they take them at a lower price.
So, one possible solution is to deposit them in one account. Dollar one in BANCO in Argentina and then take them back. By doing this move, they would have replaced them. bank note New and, if they have a large amount, they can do it in “instalments”, that is, over several months.
Depositing them in an account and selling them in MEPs is an option for those who need pesos and don’t want to lose money.
And, for those who want to sell them outright, one option is to deposit them and then transfer them to an investment or client account to sell on the dollar market or MEP, which these days are priced out of the blue and, a Once the sale is done, Peso will be available in your bank account.