CHINESE MAN BUYS CAR WITH LOW-VALUE BANKNOTE HOARD

A Chinese businessman managed to cause anguish to the employees of a local car dealership by turning up with 80 stone worth of loose banknotes and attempting to pay for a new vehicle.

Staff at the showroom in Zhanjian city, Guangdong Province, south China, were stunned yesterday when Mr Cai tried to buy his new car with huge boxes filled with rolled notes, according to Huanqiu.com, an affiliation to People's Daily.

Mr Cai, as it turned out, is a food wholesaler at the city's Haitian market whose business is entirely cash-based - leaving him with thousands in cash and not so much in the bank.

Gu Liyuan, manager at the depot, said he was tempted to turn away the customer after he refused to pay by card and credit and insisted he could only purchase the £8,000 car with 1 RMB (10p) and 10 cent RMB (1p) notes.

He told reporters: 'I've never seen so much money in my life', adding that the depot 'smelt like money' after Mr Cai had dragged in his currency boxes.

Meanwhile Mr Cai admitted that he had a problem in the past with banks not accepting his cash.

He said: 'I receive loose change amounting up to 10,000 Yuan every day and hundreds of thousands of Yuan every month.'

'Because I have too much loose change, many banks refuse to exchange for me or they treated me very coldly. I think about how to spend this money every day.'

To read the complete article, see:
All that'll take some counting: Chinese food wholesaler pays for his new £8,000 car with loose banknotes (www.dailymail.co.uk/news/peoplesdaily/article-3395848/Chinese-customer-pays-new-8000-car-entirely-using-lowest-value-banknotes.html)

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