What To Do With Ripped Notes Australia . Ripped note paper, journal collage Free Photo rawpixel The vast majority of claims processed were from claimants based in Australia • There were relatively few torn or ripped claims submitted by CITs
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The RBA wants to remove damaged notes from the system as soon as possible, to help prevent counterfeiting, as crisp and good quality money makes the dodgy, fake stuff easier to spot. • There were relatively few torn or ripped claims submitted by CITs
Full range of Australian bank notes Stock Photo Alamy However, between 2014 and 2021, the Reserve Bank paid around 80 claims from claimants in approximately 30 foreign countries, worth $422,000, excluding one unusually large claim via a foreign exchange. However, people are not obliged to accept banknotes that are incomplete or badly damaged The Damaged Banknote Policy operates with the principle that Australians should.
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