Money Down the Drain: Tons Of Bills Shredded By Central Bank Every Day

© Photo : Youtube/SputnikRussia: Tons Of Bills Shredded By Central Bank Every Day
Russia: Tons Of Bills Shredded By Central Bank Every Day - Sputnik International
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The Russian central bank daily utilizes about two tons of cash that failed a special test for dirt and damage, shredding and bundling them.

The average life of Russian banknotes is 2.5 years. A banknote is considered out of use when the image on it has faded by 8%. In Soviet times, old money was steamed and processed into pulp for new use. But this method was too expensive and dirty from an ecological point of view, so another way has been found. 

The central bank has chosen the technology of shredding banknotes into small pieces with subsequent burial in landfills. The shredding operation is performed automatically when a specially designed machine detects a bad bill during the sorting process.

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