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wrazoru

Is it ILLEGAL that a currency exchange MARKED my US$100 Bills...???

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First of all... technically it's illegal in the USA: 
https://www.foxnews.com/politics/president-obama-wont-sign-dollar-bill-noting-its-a-crime


I found out because the cashier at a currency exchange near Victory Monument asked me WHERE I was using the money US dollar bills. In retrospect, Fiat Currency is universal so why should it matter where I use it? Anyway, my next trip was to Bali so I told him.
 

He replied immediately that suddenly there is a DIFFERENT RATE (WORSE RATE) than what is quoted on his exchange board if the US dollars will be spent in: Bali, Myanmar, Maldives.... HUH??? 
 

So then I told him, I will not be using the bills in either of these 3 countries. With which he replied that he will be marking the bills, with a rubber stamp he has specifically to mark the bills he cashes out to me. HUH?... isn't this technically illegal! 
 

I didn’t have time to argue with him, and his explanation was in Thai so neither did I understand why... and of course I preferred the better exchange rate, so I accepted the marked bills. 


However, why are they doing this? Especially when it’s likely to be ILLEGAL!


(See the marks that they made in the images attached...)

Marked USD Bills.jpg

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Don’t use them. They have no right to mark currency! Of course in Thailand “ laws “ have an interpretation which are loose ! They probably did it to check if you wanted to change back to Baht ! Problem is someone you are paying may well not accept those bills!

 

 

Sent from my iPhone using Thaivisa Connect

Edited by blackcab
Name of currency exchange removed
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If you are going to exchange them in Indonesia,you might have

a problem,in Jakarta had a hell of a job changing some THB,

because they had marks on,little tears,bit dirty,had to take 

10 % less at a money exchanger,the only one who would do

it, it's the same as the banks in Thailand,Bangkok Bank the

worse.

regards worgeordie

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Not sure about what's happening with your $ bills there, but when I used to holiday here back in the early 2000's I used to bring pristine unused £50 & £20 notes as I discovered that the banks here were very reluctant to change any notes that had any marks on them, you could find it difficult to exchange them at a local bank here.

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I noticed the same thing. I had hand carried a very handsome some of money back to the U.S., but fortunately my bank in the U.S. didn't question it.

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Ive bought a stack of $ in superich and they’ve never markedly the bills. Also, the bit about a different exchange rate is rubbish. Why did you accept ? 

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I recently changed some GBP at super rich in central east ville.

He gave back 1 fifty note saying it could not be changed because it looked old and something else.

2 weeks later went back to the same place and put the said fifty in with some others and they changed it <deleted>.

I wouldn't want anyone putting a stamp on my money you don't know where you can and can not use it .

First of all... technically it's illegal in the USA: 
https://www.foxnews.com/politics/president-obama-wont-sign-dollar-bill-noting-its-a-crime


I found out because the cashier at a currency exchange near Victory Monument asked me WHERE I was using the money US dollar bills. In retrospect, Fiat Currency is universal so why should it matter where I use it? Anyway, my next trip was to Bali so I told him.
 

He replied immediately that suddenly there is a DIFFERENT RATE (WORSE RATE) than what is quoted on his exchange board if the US dollars will be spent in: Bali, Myanmar, Maldives.... HUH??? 
 

So then I told him, I will not be using the bills in either of these 3 countries. With which he replied that he will be marking the bills, with a rubber stamp he has specifically to mark the bills he cashes out to me. HUH?... isn't this technically illegal! 
 

I didn’t have time to argue with him, and his explanation was in Thai so neither did I understand why... and of course I preferred the better exchange rate, so I accepted the marked bills. 


However, why are they doing this? Especially when it’s likely to be ILLEGAL!


(See the marks that they made in the images attached...)

1940837237_MarkedUSDBills.jpg.5a89a8413467cd5a8479867a32795477.jpg


Sent from my SM-G965F using Thailand Forum - Thaivisa mobile app

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If they accept only pristine unmarked bill's here in Thailand on the exchangers , so we are also entitled to the same when collecting money bills, should have refused them and go somewhere else 

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 Siam Exchange did the same thing to me years back before a Myanmar trip. First five or six bills were clean, I stopped checking and then the next five all had marks. Good bills legitimate currency, but Myanmar being finicky would not take them. Yes, really <deleted> me off too.  Never used Siam Exchange since.

 

I keep a little stash of US bills brought from home. I can always exchange in Thailand but it is more a travel stash. For Myanmar, Indonesia etc. I have a couple hundred Euros in there too. Always good to have. 

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4 hours ago, wreckingcountry said:

Problem is someone you are paying may well not accept those bills!

 

Apparently, the bills won't be accepted in Bali, Mynamar & Maldives... 
according to SuperRich cashier.

Edited by wrazoru

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21 hours ago, wrazoru said:

It's only illegal in the US, if the note is defaced...

"...with intent to render such bank bill, draft, note, or other evidence of debt unfit to be reissued..."

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Whether it's legal or not, you are now going to find it almost impossible to change those bills.

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22 hours ago, wrazoru said:

at a currency exchange near Victory Monument

Sounds like one has to keep a good distance from Victory Monument for cash exchange.

I am completely clueless what this rubbish stamping earns him?

Otherwise it would be a very inventive scam.

I would be confronted with such I'd grab my money and run.

Edited by KhunBENQ
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