How am I going to get the most torn

Money - torn or washed out: when does the banknote lose its value?

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A taxi driver accepts a torn hundred dollar bill out of goodwill from a passenger. When he wants to exchange them, the National Bank waves it away. The rest of the grade does not meet the guidelines. Bad luck or a new trick by scammers? «Kassensturz» is investigating the matter.

Author: Charlotte Michel and Maria Kressbach

Danilo Iacovino is a taxi driver in Zurich. He likes to work at night, even if at this time he meets one or the other strange passenger and experiences extraordinary things. He had such an experience on January 1st:

Late at night a guest got into his car. He said he had no money and would have to stop at an ATM on the way. According to Danilo Iacovino, nothing unusual; that happens often. The taxi driver therefore stops at Helvetiaplatz and the guest gets money from the nearby ATM. But then Iacovino noticed that his passenger was suddenly involved in a scuffle.

Too small by millimeters

The tussle went off lightly, the unknown man returned to the taxi. But he didn't want to go any further and paid - with a torn one-hundred-dollar bill. Danilo Iacovino checked the sheet music and saw that the serial number was completely present on the back. So he accepted it: “I thought the note was torn during the argument. Almost half of them were still there and I assumed they would be fair enough to exchange them for me. "

The following day he went to the Swiss National Bank (SNB) to exchange the defective note. At the counter, an employee measured the bill very precisely and came to the conclusion: The hundred-dollar bill is real, but the remaining piece is a hair's breadth too small. The hundred note is not replaced.

Cheat cut

The explanation can be found in the SNB guidelines for the exchange of damaged banknotes. It says that the owner must present a part of one piece that is larger than half. In addition, the serial number must be completely legible. At the request of “Kassensturz”, the National Bank wrote: “Without this provision, one could turn a note into two halves and then exchange both halves. This must be prevented."

That makes sense so far. But a new question arises: Was Danilo Iacovino just unlucky? Or were trick thieves at work with a new scam? «Kassensturz» asked the experts from the Federal Criminal Police. Alain Zurwerra - head of the commission for counterfeit money - knows all kinds of tricks. He says that fraudsters would work with a knife in such a case. When it comes to the taxi driver's note, he notices: “The note is clearly torn, not cut. So I don't think there is any fraud here. "

Swiss paper money has 16 security features

But the expert advises taking a closer look at torn or damaged banknotes: "The Swiss banknote has 16 security features that can be checked to determine whether a banknote is real or false." If the note is real and more than half of it is still there, then nothing can happen.

Danilo Iacovino's ominous banknote did not meet these criteria. The hundred francs are lost because of a few millimeters, the taxi driver is disappointed: "We have to work hard for our money and my job is not an easy one." One thing is clear to him: the next time he'll probably think twice about accepting a defective banknote.

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Did you know that a Swiss banknote has 16 security features? Here you can get to know them. You will also find out whether and how you can exchange a damaged note at the National Bank. Further

  1. Kassensturz espresso
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  • Comment by Olivier Todesco, Wädenswil
    Such a national bank official should be fired and sent to Russia!
    Agree Agree to the comment Select answers to reply to the comment
  • Commentary from T.M, Salvador
    That looks too strong than planned, not necessarily from the taxi driver but from the customer. Very funny story in the middle of the night - scuffle. That looks like trick thieves. Funny that the taxi driver gives change. You can leave out 20 Fr. This story stinks too much!
    Agree Agree to the comment Select answers to reply to the comment
    1. answer from Ruedi, Stäfa
      Funny, yes, but you can't always get 20Fr. - Let out notes. What's funny about a taxi driver giving change?
      Agree agree to the comment
    2. answer from rehman, Islamabad
      so i agree with the salvador what he said, waroom taxi driver didn't help the customer? and waroom both didn't go to the police.
      Agree agree to the comment
    3. Show answers

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