Friends With MoneyFriends With Money

What happens to damaged cash?

View descriptionShare

Ever wondered what happens to torn or dog-eared banknotes, and whether Australians can get a refund for handing them in?

This week on the Friends With Money podcast, Money’s Tom Watson is joined by Greg Dicinoski, chief scientist at the Reserve Bank’s Note Issue Department, to put damaged banknotes under the microscope.

  • Just how prevalent are cash payments in Australia?
  • What are the common, and more unusual, causes of banknote damage?
  • What should you do with damaged cash?
  • Can you get a refund for handing in damaged notes or coins?
  • How does the Reserve Bank deal with damaged banknotes?
  • Why is it important for damaged cash to be removed from circulation?

#friendswithmoney #tomwatson #gregdicinoski #cash #rba

Listen on Apple Podcasts

Listen on Spotify

Money Website

YouTube Podcast Playlist

Email Us: podcast@moneymag.com.au

  • Facebook
  • X (Twitter)
  • WhatsApp
  • Email
  • Download

In 1 playlist(s)

  1. Friends With Money

    196 clip(s)

Friends With Money

We all have questions about the money we earn, how we spend it and the best ways to approach investi 
Social links
Follow podcast
Recent clips
Browse 196 clip(s)