Lead
According to the relevant state regulations, the worn renminbi can be exchanged at the bank.
However, it should be noted that the damaged RMB can not be exchanged for any degree of damage, and the damaged RMB under the national policy still has certain norms and strict distinguishing standards.
What will the bank do with the damaged RMB after converting it, and what value does it have that can be reused?
As early as 1995, the People's Bank of China (PBoC) had already regulated the "damaged" criteria for the renminbi.
Although these standards are quite fine, in daily scenarios, banks can basically judge whether they have reached the standard of damage according to the above criteria.
First of all, there is no need to say that only if it is really currency, the bank can accept it, and if you don't give money, it is your problem with RMB.
The second is the judgment of the face of the ticket, if it is a currency, then its recognition must also meet the standard, if the recognition is not up to standard, it is also not exchangeable, and the exchange is useless.
The feeling of touching it with your fingers, the damage that can be felt can still be exchanged.
If the damaged RMB can still be used for fraud or other illegal acts, it will not be exchanged.
In addition, if the damaged renminbi is only very small, the face value is still very large, then the renminbi is also not exchangeable, because this may be the child playing with the renminbi as a toy.
Of course, the RMB that the children play back will not be exchanged.
And when some artificial damage, or with inducing damage, it is not exchanged.
In addition, some insect bite marks, or scalding, or soaking marks, can also be exchanged, but before the exchange, the bank teller will still ask how the RMB is made.
If it is obtained through illegal means, then of course these renminbi will not work, and those that have been stolen will not be exchanged.
In addition, if the RMB is smoked, or stained with oil, etc., it will not be exchanged, and this needs to be standard.
There is also a kind of broken RMB that is obviously brushed, or pasted with some special materials, or deliberately defaced such as spitting, writing, painting, etc., these RMB are also not exchangeable.
Finally, there are some damaged RMB, if it is a serial number, or the banknote is not damaged, but there is obvious wear, it will not be exchanged.
However, if the damaged renminbi is due to special reasons, there are some special marks on the face of the ticket, or it has been robbed, or it has received counterfeit banknotes, or it has received improper damage, etc., it can be exchanged, but the holder of the renminbi needs to send the mark to the People's Bank of China through relevant channels.
The processing of these renminbi may tear off the damaged banknotes, and then recast the damaged part into a complete renminbi, of course, there are some, which may be directly damaged, but not all damaged renminbi can be reused, which requires the relevant review of the government regulatory organization to restore these renminbi
epilogue
As a citizen of the People's Republic of China, when we have a broken renminbi, we can go to the bank to exchange it.
There are also many folk rumors about these damaged yuan, one of which is also known to many people, that is, these damaged banknotes will be sold to paper mills as raw materials for recycled paper, and this statement is wrong.
Like China's largest paper market, it uses new paper, not waste paper.
So what happened to these renminbi in the end?
In fact, they end up buried in the soil, used as fertilizer or incinerated because they are all contaminated.