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<p>[QUOTE="imrich, post: 25432640, member: 22331"]HERE IS THE LEGAL U.S. CODE FOR BANKING TRANSACTIONS:</p><p><br /></p><p><b>31 U.S. Code § 5103<i><b> - Legal tender</b></i></b></p><p><br /></p><p>United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues. Foreign gold or silver coins are not legal tender for debts.</p><p><a href="https://www.law.cornell.edu/uscode/text/31/5103" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.law.cornell.edu/uscode/text/31/5103" rel="nofollow"></a></p><p>What tellers do illegally, and the legal tender @ face value required exchange. are 2 different matters. Bank management can't accept/distribute currency other than that denominated per U.S. Code.</p><p><br /></p><p>As some have correctly stated here, who would establish the value of illegally traded tender?[/QUOTE]</p><p><br /></p>
[QUOTE="imrich, post: 25432640, member: 22331"]HERE IS THE LEGAL U.S. CODE FOR BANKING TRANSACTIONS: [B]31 U.S. Code § 5103[I][B] - Legal tender[/B][/I][/B] United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues. Foreign gold or silver coins are not legal tender for debts. [URL='https://www.law.cornell.edu/uscode/text/31/5103'][/URL] What tellers do illegally, and the legal tender @ face value required exchange. are 2 different matters. Bank management can't accept/distribute currency other than that denominated per U.S. Code. As some have correctly stated here, who would establish the value of illegally traded tender?[/QUOTE]
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