Banks and exchange offices refuse to accept 100 dollar bills: Ukrainians explained the reasons.

National Bank of Ukraine explained the rules for exchanging hundred dollar bills

The National Bank of Ukraine published official explanations regarding the acceptance and exchange of hundred dollar bills in banks and exchange offices, as many citizens face refusals when conducting these operations.

The NBU's press service reported that all hundred dollar bills issued after 1914 are legal tender in the USA and must be accepted by Ukrainian financial institutions without restrictions. The regulator emphasizes that changes in the design of American currency do not affect its legality.

'The date of issue and the appearance of the bill cannot be a reason for refusing to accept it. The last design update of the hundred dollar bill occurred in 2013, but even earlier versions remain fully legal,' – says the NBU.

However, banks and exchange offices may refuse to conduct operations with dollar bills in two cases:

• if the bill is significantly damaged or worn
• in case of counterfeiting

Experts advise Ukrainians planning to exchange currency to check the condition of their bills beforehand to avoid problems during financial operations.