Acceptance of USD Bills: how it works in Vietnam — first-hand
From real experience
In Vietnam, as in some other countries, there can be issues exchanging older US dollar bills (pre-2006).
Many places may refuse them or offer a lower exchange rate. It's advisable to use newer, crisp US dollar bills for exchanges to ensure better acceptance and rates. This practice is due to concerns about counterfeiting and the perceived wear and tear of older notes.
✓ 5 reports from chats
In Nha Trang, newer US dollar bills (post-2009, often identified by a blue security ribbon) may receive a slightly better exchange rate than older ones.
For example, old bills might be exchanged at 2,590,000 VND, while new bills could be exchanged at 2,620,000 VND for the same amount. Jewelry stores are often reported to offer better exchange rates than standard exchange offices.
✓ 2 reports from chats
The practice of some establishments refusing older US dollar bills (pre-2006) or offering a lower exchange rate is due to several factors.
These include concerns about counterfeiting, the increased likelihood of wear and tear making authenticity harder to verify, and generally more hassle associated with handling older notes. This can lead to an implicit cost that is often passed on to the holder of the currency.
✓ 1 report from chats
When bringing US Dollars to Vietnam for exchange, prioritize new series ($100 'blue' bills issued from 2009 onwards).
Bills older than 2009 (especially pre-2006 'white' bills) are either rejected or exchanged at a lower rate. Smaller denominations ($50, $20, etc.) also yield worse exchange rates.
✓ 1 report from chats
When exchanging old US dollars in Danang, Vietnam, it's recommended to visit banks or reputable exchange offices.
Rates can vary, and older or damaged bills may fetch a lower exchange rate. Comparing offers from multiple locations is advisable.
✓ 1 report from chats
Difficulty exchanging old US dollars in Da Nang.
Many places may not accept them or offer unfavorable rates. It's suggested to try near Ben Thanh market for better rates.
✓ 1 report from chats
Exchanging old US dollars in Da Nang can be challenging.
While some places may accept them, the rates might be lower. A location near Ben Thanh market is suggested for potentially better exchange rates.