This item from China illustrates the perils of stockpiling cash in the backyard. -Editor
According to Mr. Zhang, more than four years ago, his mom wrapped the stacks of banknotes in a plastic bag and stored them in an iron box
before deciding to keep them under the floor of her kitchen. This past April, when Mr. Zhang was getting married, his mother finally remembered about
the 100,000RMB she'd left buried underground.
She hurried to dig up the money, hoping to provide a beautiful wedding for her son. But to her surprise, the money had essentially
turned to mush and crumbled when she touched it.
Mr. Zhang sought help at the local Bank of China location. A damaged banknote appraiser surnamed Lin told him that based on the current
exchange rate, he was not going to get 100,000RMB for his mash of money. After taking pictures of the banknotes, Lin said that he would
help Mr. Zhang contact the bank in Nanjing for further evaluation.
Similar incidents have actually occurred before. Last July, a Guangdong migrant worker in his 60s tragically found that the 80 thousand
yuan he'd stored in his shed had been eaten by termites to half of the original amount.
To read the complete article, see:
Jiangsu villager hides 100,000RMB in banknotes underground for 4
years, cash turns to mush (http://shanghaiist.com/2015/08/30/money_turns_to_mush.php)
Wayne Homren, Editor
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