Banks will not accept $50 and $100: Ukrainians may face a problem.

Problems with the acceptance of $50 and $100 banknotes have emerged in Turkish banks due to the spread of counterfeit money. Many financial institutions are temporarily refusing to accept these bills until their equipment for verifying the authenticity of the currency is updated. For more than six weeks, counterfeit banknotes have been actively circulating in the markets of Istanbul, Ankara, and Alanya.

The problem affects not only those in possession of counterfeit money but also complicates the exchange of genuine dollars with officially registered serial numbers at exchange offices. Currently, neither the Ministry of Finance of Turkey nor the Banking Regulatory Authority has commented on the situation.

For counterfeiting money in Turkey, punishment is provided - from 2 to 12 years in prison.

Dependence on the dollar forces many countries to impose stringent currency restrictions and demand relevant standards for banknotes. Recent forecasts predict a decrease in the exchange rate of the hryvnia to the dollar to 43-44 hryvnias by summer and to 47 hryvnias by the end of the year.

According to the legislation, all $100 banknotes issued since 1914 are legal tender and must be accepted by banks. However, banks have the right to refuse to accept bills only in the case of significant wear or when there are counterfeit banknotes.