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BCRA Makes U.S. Dollar Note Exchange Program Indefinite

The move eases bank exchanges by centralizing logistics costs.

Overview

  • Through Communication A 8352, the central bank removed the December 31, 2025 cutoff, allowing banks to receive old or damaged U.S. bills without a deadline.
  • Participating banks deposit these notes with the BCRA, which sends them to the U.S. Federal Reserve for destruction and brings in new bills as replacements.
  • All U.S. dollar designs remain legal tender, with acceptance based on standard condition checks rather than the age or style of the note.
  • Bank participation is voluntary, so customers should verify availability with their institution, with Banco Nación and several provincial banks participating.
  • Acceptance follows Federal Reserve integrity standards, including rejection of notes with more than 40% of their paper missing, and the BCRA covers logistics at no cost to adhering banks after processing about USD 6 billion since August 2024.