When do euro banknotes expire and what are the best ways to store paper money

Compared to the past, also in Italy the circulation of cash has decreased significantly. Both because there are legal limits to cash payments, and because more and more Italians now, even for coffee and for the newspaper, pay with electronic money.

However, for those who cannot do without cash, let’s see when and if a deadline is set for euro banknotes. Let’s see, then, also what are the systems for storing paper money. That is, advice for collectors, but also for those who, on the other hand, are still used to putting money under the mattress or under the tile.

When do euro banknotes expire and what are the best ways to store paper money

In this regard, it must be said that, for euro banknotes, including those of 500 euros, there are no time limits. Hence, there is no deadline. In case of withdrawal of batches of banknotes, then, to replace them with different or new ones, the citizen never has to worry. As it is the banks that proceed with the withdrawal of the banknotes to be replaced.

As for when euro banknotes expire, then never is the answer. The Bank of Italy reports it on its website. In other words, euro banknotes will always retain their value. Likewise, euro banknotes can always be exchanged at the Eurosystem Central Banks.

Instead, let’s see now, as mentioned above, which are the best systems for storing banknotes.

How to store paper money, from protective bags to films, and what to do when it is damaged

For the preservation of euro banknotes over time, and in general for all paper money, there are ad hoc solutions on the market. Precisely, the protective envelopes for banknotes and also films which, made with particular resistant polymers, protect the paper money, among other things, also from the action of the ultraviolet rays of the sun.

What to do, however, when the banknotes are torn or too damaged? In that case there is the Bank of Italy, which is in charge of the collection. In fact, it will be sufficient to go to any Bank of Italy branch for the exchange. The person in charge at the counter will check and assess whether the damaged banknote or banknotes meet the requisites required in order to obtain immediate reimbursement.

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In addition to the rare banknotes, these euro coins also bring luck and are worth gold like winning at the Superenalotto