Mexico will redeem Old Peso banknotes at Old$1000 = New$1.
Guatemala, Costa Rica, Honduras, and Belize will redeem demonetized notes for face value. I believe this is also true for the Bahamas, Barbados, and Bermuda but I am not sure.
Master Coin Referee
Coin referee for CRI, GTM, HND, NIC, PAN, and SLV.
Revisor principal de monedas
Revisor de Numista para monedas de CRI, GTM, HND, NIC, PAN y SLV.
Here in the UK, the issuing banks will exchange their demonetized notes for current notes at face value. In fact on the notes the banks “Promise to pay the bearer, on demand, the sum of £…..”
Here in the UK, the issuing banks will exchange their demonetized notes for current notes at face value. In fact on the notes the banks “Promise to pay the bearer, on demand, the sum of £…..”
I think that 'promise' to pay is pretty much on every modern note, not all central banks honour the promise forever.
german deutschemarks can still be redeemed at a rate of 1EUR = 2DM or thereabouts.
no idea if they ever plan to stop that, I hope not atleast
I don't know the entire history of German Mark's evolution, but when you say “deutschemarks” is there a certain period for this type or would this policy apply to any German Mark?
For example, I have this N#16195 and if the above policy applies here, my calculation puts me at €250,000. IF this is the case, I am taking the next flight out to Germany on a first class ticket.
Japan redeems all central bank notes since 1947. Korea also redeems all won notes with no issue at their central bank. Colombian notes are all redeemable and notes as low as 1000 pesos (~25¢) are still in use. All notes in Thailand are redeemable. These are just personal experiences I had redeeming.
Kenny
- Verifying your Asian and British-territorial coins everyday with the best quality photos and the best information.
As far as Germany goes, as per the link I found, they won't exchange anything before 1948. Which makes sense. Otherwise everybody would be flocking in the bank with their hyperinflation currency from the 1920's trying to become rich overnight :)
In Denmark all banknotes from after 1945 and coins above the face value of 50 øre since the establishment of the krone currency is still technicly legal tender… But probably bigger chance with the bank than the shop. And I will not recomend trying to use a gold 10 kroner in Netto 🤣
If anyone knows why it's only banknotes after 1945 that's still exchangeable, I'm curious to know 😁🤓
I have a soft spot for origami paper cranes.
Read or watch about "Sadako Sasaki and the Thousand Paper Cranes".
Spread a little peace and happiness wherever you go :)
All Irish banknotes issued by the Currency Commission Ireland and Central Bank of Ireland are redeemable without time limit.
Additionally, old notes issued by the Irish ‘associated joint stock banks’ (those which were still issuing banknotes in 1927, excluding the Belfast Banking Company) are also redeemable at their face value without time limit at the Central Bank of Ireland.
Just make sure you're coins or notes are in reasonably good condition here in the UK. I took a load of old battered ones to the local bank a few months back and half of them were rejected. Seems my only option now is the BofE.
Just make sure you're coins or notes are in reasonably good condition here in the UK. I took a load of old battered ones to the local bank a few months back and half of them were rejected. Seems my only option now is the BofE.
In Thailand when the name was changed from Siam and the Bank of Thailand was created all BOT notes are still legal tender. Many of the early Thailand notes are worth much more than face value now, though.
In Denmark all banknotes from after 1945 and coins above the face value of 50 øre since the establishment of the krone currency is still technicly legal tender… But probably bigger chance with the bank than the shop. And I will not recomend trying to use a gold 10 kroner in Netto 🤣
If anyone knows why it's only banknotes after 1945 that's still exchangeable, I'm curious to know 😁🤓
Banknotes were issued by Nationalbanken and coins were issued by Kongelig Mønt - they used to be two different institutions.
If I remember correctly the story goes like this: Nationalbanken decided to demonetize Danish kroner banknotes in 1945 due to the large shadow economy during the Nazi occupation of Denmark from 1940-1945. Denmark was inofficially called the “Schlagsahne Front” (Whipped cream front) by the German soldiers since hostilities were few and the food was good and plenty. The Nazis were huge customers of agricultural products in Denmark, products that were exported to the Reich, where shortages increased for every day. Most of the products were purchased via credits and when the Nazis capitulated, Germany was effectively bankrupt.
I ran over this video on YouTube, arguing a British Victorian 4 shilling/double florin is still legal tender for 20 pence, simply because it was forgotten to be demonitised, when changing to decimal currency.
I have a soft spot for origami paper cranes.
Read or watch about "Sadako Sasaki and the Thousand Paper Cranes".
Spread a little peace and happiness wherever you go :)
