8 minutes agoBills worth over 50m euros were damaged by floods in Germany
Periskopi(5 years ago)
(5 years ago)Germany's Central Bank has announced that more than 50m euros are involved in water, the value of damaged banknotes as a result of floods affecting parts of this country in June of this year. Bundesbank announced on Wednesday that individuals and banks have delivered bills that were [...]
Germany's Central Bank has announced that more than 50m euros are involved in water, the value of damaged banknotes as a result of floods affecting parts of this country in June of this year.
Bundesbank announced on Wednesday that individuals and banks have handed in bills that were spotted by floods and often contaminated by oil, sewage, or mud.
The damaged money is drained, processed, and then destroyed in a Mainz centre that analyzes counterfeit and damaged money, while their owners are being repaid.
According to the bank, the centre usually accepts bills damaged for 40m euros annually. Meanwhile this year, it has accepted 51 million. Therefore, Germans still need to use cash, more than people in other European countries.
After they dry, the damaged money is damaged, verified and accounted for.
Bundesbank said it has bought dryers to cope with the flow of dirty money, noting that it is important to work out the long-known notes before they accumulate together and become as strong as concrete.
More than 180 people have died, and hundreds more have been injured as a result of floods that hit parts of West Germany and Belgium.
