The Oklahoman

German central bank inundated with money damaged in floods


Germany’s central bank says it has been inundated with more than $59 million worth of damaged bank notes after deadly floods hit part of the country in July.

The Bundesbank said Wednesday that individual­s and banks have handed in notes that were soaked in the floods and often also contaminat­ed with oil, sewage or mud. The damaged money is dried, processed and then destroyed at a center in Mainz that analyzes forged and damaged money, and its owners are refunded without charge.

After they are dried, the damaged notes are flattened out, verified and counted. The Bundesbank said it bought dryers to deal with the influx of dirty money, noting that it’s important to process soaked notes quickly before they clump together and become as hard as concrete.

Germans still tend to use cash more than people in many other European countries.

Newspapers in English

Newspapers from United States