Define: Current Money

No, each country has its own legal currency, and foreign currency is not generally accepted as legal tender.

Yes, businesses and individuals have the right to refuse damaged or torn banknotes as payment. However, central banks usually provide guidelines on how to exchange damaged currency for new notes.

No, it is illegal to deface or write on money in most countries. Doing so can be considered as an act of vandalism or counterfeiting.

In most cases, yes. Central banks usually provide a window of time during which old or discontinued currency can be exchanged for current money. However, there may be limitations or fees associated with such exchanges.

Yes, unknowingly using counterfeit money can still make you liable for passing counterfeit currency. It is important to be vigilant and check the authenticity of the money you receive.

No, coins are considered legal tender and must be accepted for payment of any amount. However, businesses may set their own policies regarding the maximum number of coins they will accept for a single transaction.

Accidental damage to money is generally not a criminal offence. However, intentionally damaging money can be considered a crime, as it undermines the integrity of the currency.

Accidentally destroying large amounts of money may not result in criminal charges, but it is advisable to contact the central bank or relevant authorities to report the incident and seek guidance on how to proceed.

Hoarding money itself is not illegal, but there may be legal implications if the money is obtained through illegal means or if it is being used for illegal activities, such as money laundering. It is important to comply with relevant laws and regulations regarding the storage and use of large amounts of money.