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How much value would one get in exchange of imperfect banknotes?

April 26, 2017banknotes exchange imperfect value

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How much value would one get in exchange of imperfect banknotes?

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The value of an imperfect note may be paid for full value / half value under rules as specified for mutilated notes if, (i) the matter, which is printed on the note has not become totally illegible, and (ii) it can be satisfied that it is a genuine note.