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V18 2015 INDEX       E-SYLUM ARCHIVE

The E-Sylum: Volume 18, Number 35, August 30, 2015, Article 37

CHINESE UNDERGROUND CASH STASH TURNS TO MUSH

This item from China illustrates the perils of stockpiling cash in the backyard. -Editor

Mushy Chinese cash stash 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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