Where and how are the old and damaged banknotes exchanged?
Whole banknotes, whose values can be identified, but are soiled, washed, dyed, burnt, torn or are worn or due to other reasons and the banknotes whose surface deficiency is less than 50% are exchanged with value at par. Banknotes with 50% surface deficiency are exchanged with new ones at half face value. The banknotes with more than 50% surface deficiency are not exchanged. Soiled, worn-out banknotes or banknotes incurring partial physical loss can be exchanged directly at the Central Bank branches or at T.C. Ziraat Bankas?, our domestic correspondent, or at the branches of other banks and financial institutions.
