The saga began when I traveled to Harare, Zimbabwe for a
workshop and after the organizers refunded me some of the meeting expenses,
including an old US dollar 100 banknote. I didn’t think much of it until I tried
to change the money in Tanzania.
The bureaus de change would not take it because it was an
old banknote and they told me they do not accept banknotes that are older
than a particular year. I do not remember what the cut-off year was.
I tried many bureaus in both Mwanza and Tanzania and finally
gave up before I thought of depositing the note with my bank. I made the
assumption, taking a cue on how banks handle old Tanzanian banknotes, that they
would accept an old US dollar bill and find the means to send it back to the printers and get a new one.
I was wrong. Not even my bank would take the
banknote. An employee told me that they would not be able to sell the banknote
to a Tanzanian clientele composed mostly of individuals who are extremely
choosy in what type of banknote they will accept. These are individuals who are experts at trying to pass on
an old banknote to someone else but would not accept one themselves.
I almost gave up and then decided to ask someone who
frequently travels abroad how he handles the tricky issue of exchanging these old notes into Tanzanian shillings. Easy, he told me: just iron the banknote and
remove the creases and it would look as new as they want.
I took the advice and decided to add what I thought would be
a foolproof spin to it. I would wash the banknote before I ironed it. So I
washed the note and carefully ironed it and was extremely satisfied with the
results. But even that was not good enough for Tanzanian money changers, who
have imposed higher standards for accepting foreign currency that even the
issuers themselves.
Not good enough for Tanzanian money changers. |
I have an extra wallet that has a small collection of
foreign banknotes left over from travels in Rwanda, Uganda, Ghana, and a few
other African countries. And that is where my old US dollar banknote ended up
until I traveled to the United States early this year and some supermarket
worker accepted it without hesitation.
And this is my story of how I was forced to launder dirty
money from Zimbabwe in Tanzania and succeeded in spending the money in the United States. And,
as I expected, there weren’t any consequences.