Home News Euro banknotes that will go out of circulation in 2024: Complete guide to their exchange

Euro banknotes that will go out of circulation in 2024: Complete guide to their exchange

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Euro banknotes that will go out of circulation in 2024: Complete guide to their exchange

He Bank of Spain has published a report that reveals that cash continues to be the payment method most used by Spaniards. However, tickets y coins they can suffer wear, damage o stains. What to do in these cases? Is it possible to exchange them for new ones?

What bills and coins are in circulation?

In Spain, they circulate coins of euros of eight denominations: 1, 2, 5, 10, 20 and 50 cents, and 1 and 2 euros, as well as commemorative coins. As to ticketshay seven denominations: 5, 10, 20, 50, 100, 200 and 500 euros.

What to do with stained or damaged banknotes?

Furthermore, the banking entity indicates that stained, dirty bills, with inscriptions or broken They can be exchanged for new ones of equal value, provided that certain conditions are met:

  • Good faith: It must be demonstrated that the change requester acts in good faith.
  • Proof of origin: If the damage is the product of a robo o accidentthe corresponding proof must be presented.
  • Intentional impairment: If it is proven that the damage was intentional, the ticket will not be exchanged and will be retained.

What tickets cannot be changed?

Tickets discolored, written or altered are not accepted for exchange. It is suspected that the faded ones could have been washed to remove ink stains, while the written or altered ones could be fakes.

How to exchange stained or damaged banknotes?

To exchange stained or damaged banknotes, you must go to any branch of the Bank of Spain or collaborating financial institution. It is important to keep in mind that the process can delay some days, since the tickets must be verified.

Recommendations to avoid problems with stained or damaged bills:

  • Decline billets discolored, written or altered.
  • Manipulate the bills carefully to avoid damage.
  • Use adequate money transportation and storage systems.
  • If in doubt, consult the Bank of Spain or your financial institution.

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