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Comment on What do drug dealers (or other criminals) do with dirty money when government replaces banknotes with new

What do you mean with “replacing banknotes”? Issuing new banknotes isn’t just a fingersnap, its a rolling process and old notes are always valid and can be replaced later down the line at the central bank.

Or do you mean outright changing the currency?

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FriendOfDeSoto@startrek.website ⁨1⁩ ⁨day⁩ ago

… and can be replaced later down the line at the central bank.

I think there are countries in the world where that is not the case. India maybe 2 years ago removed one of their large denomination bills with like a week’s notice to get it changed and after that you were SOL. I think (but am not sure) old Sterling notes may also no longer be more than paper.

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- givesomefucks@lemmy.world ⁨1⁩ ⁨day⁩ ago
  Yeah, but that’s India…
  
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