rockfl9 Posted April 17, 2018 Report Share Posted April 17, 2018 Some notes (smalls) are getting turned over so often they are well worn and people/merchants aren't accepting them. The CBI is instructing the other banks how to exchange and recover them. I remember this happened the last time the CBI attempted an RD. When it didnt happen they went ahead and printed a new batch after the people complained. The reference to the exchange of smaller denoms only means that if the customer turns in a worn 10K it is ok to issue 2 5Ks instead. Would be logical to me but they may have to make it perfectly clear. 1 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.