What is the ruling on exchanging paper currency for coin at a rate of excess?
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Question:
This is a question about exchanging paper money or paper currency for coin; is it permissible to exchange them at a rate of excess?
Answer:
It is better and safer to avoid exchanging them at a rate of excess. It is safer for him to take ten for ten and one hundred for one hundred. Some scholars have permitted exchanging them at a rate of excess because they are different; this is made of metal and this is made of paper. However, it is safer for the believer to avoid that, because they are all riyals, all one currency. So, avoiding the exchange at a rate of excess is safer.
This is a question about exchanging paper money or paper currency for coin; is it permissible to exchange them at a rate of excess?
Answer:
It is better and safer to avoid exchanging them at a rate of excess. It is safer for him to take ten for ten and one hundred for one hundred. Some scholars have permitted exchanging them at a rate of excess because they are different; this is made of metal and this is made of paper. However, it is safer for the believer to avoid that, because they are all riyals, all one currency. So, avoiding the exchange at a rate of excess is safer.
Source
binbaz.org.sa
The Arabic text is copied verbatim from the original source, without any edits.