On several sites, there are allegations that Australian dollars can be used in parts and the size of this part will be proportional to the bill of bills. We checked whether this is really so.

There are interesting facts about money on the Pro-Banki portal and there are and such: “In Australia ... the cost of a part of any bill whose area is not less than 20% and not more than 80% of the original bill is equal to half the cost of the original bill. So, if you tear 10 Australian dollars in half, then each half can be legally used as $ 5. By the way, it will be very convenient if you urgently need smaller money. Probably, Australian merchants do not have to run around the market with a request to exchange a large bill. ” Similar statements can be found on the site "Museum of Facts", resource "Fakrum" And on Pikabu.

Australian dollars releases Reserve Bank of Australia (RBA). On its website the department reportsthat seeks to "have only high -quality banknotes in circulation." Therefore, RBA collaborates with banks, cash register centers and other institutions for the maximum operational replacement of damaged bills with fresh ones.

RBA determines different types of damaged banknotes. The first type is “unsuitable”. This, for example, is a banknote with an inscription or a torn corner. You can continue to use it, such a bill is worth the face value on it. However, the Australian Central Bank asks its counterparties to hand them over. If the banknote has “lost” more than 20%, it belongs to another type of damaged bills - “incomplete”. RBA reportsthat his "policy is that the cost of each part of the banknote is proportional to the size of this part." The third type is “seriously damaged or polluted” banknotes. These include bills that are stained with blood or chemicals, as well as so spoiled that it is impossible to confirm their authenticity.

Depending on which part remains from the banknote, it can be used in different ways. If it belongs to unsuitable, then the face value of the bill is preserved in full. If from 20% to 80% of the banknote is preserved, the rest is a proportional part of the face value. RBA Curses Example: "The cost of half of the 10-dollar banknote is $ 5." At the same time, the face value is rounded to the whole number. If less than 20%remain from the banknote, then it costs nothing.

But how fair is the statement like “it is very convenient if you urgently needed smaller money” or “Australian merchants do not have to run around the market with a request to exchange a large bill”? Firstly, RBA rules are designed for "Holders of Australian dollars in a situation random Damage to banknotes. " If you defiantly tear the bill in half and try to pay half, then thereby Disorder law. A possible punishment for such an offense is a fine of up to $ 5000 or imprisonment for up to two years. Secondly, the Australian Central Bank emphasizes: “There are no obligations to accept incomplete banknotes when paying or returning delivery.” That is, you can try to pay a damaged bill, but the seller is not required to accept it. Similarly, you can refuse such a banknote if you want to give you back when buying. At the same time, the bank will be obliged to accept it from you, according to the above rules.