483.85 million copies, up 17.2%
Recover face-to-face transactions due to the end of life of the note earned 50,000
Currency that has been burnt or damaged by moisture, etc. Provided by Bank of Korea
Mr Lee, who lives in Seoul, exchanged 19.1 million burnt bills for new bills after a house fire. Mr Hong, who lives in Jeonnam, exchanged 15,475,000 banknotes that had been buried in the ground and then rotted from moisture, and Mr Jeong, who lives in Gwangju, exchanged 3,391,000 coins worth of u damaged collected from pool.
Among the damaged currency recovered in this way last year, it was determined that it was unusable because it was contaminated or damaged. Disposal volume amounted to 483.85 million pieces (KRW 3.8803 trillion).The Bank of Korea announced on the 24th that it was calculated as . Compared to the previous year (412.68 million copies) 71.17 million copies (up 17.2%)It was done. In terms of amount, the increase was even greater, increasing by 46.9% from KRW 2.6414 trillion. This means that the amount of money thrown has increased, mainly high denomination notes.
The amount of banknotes thrown was 427.32 million (KRW 3.8724 trillion), with 10,000 Won notes accounting for 55.6% of the total, followed by 1,000 Won notes (33.6%), 50,000 Won notes (5.8%), and 5,049 Won papers (5,049). %). . 56.53 million coins were thrown (7.9 billion won), mostly 100 coins won (60%) and 10 coins won (17.3%). If the money that has been thrown is added together, the total length is 62,872 km. About 76 round trips on the Gyeongbu Expressway (415㎞)It equates to the Height of the stack is 140,159m. 16 times higher than Mount Everest (8,849m), 253 times higher than Lotte World Tower (555m)All.
The increase in discarded currency is because the circulation of currency itself has increased along with the restoration of face-to-face trade after the spread of COVID-19 subsided. The opportunity cost of holding cash increased due to the increase in market interest rates, which also had an impact on the increase in the amount recovered. In addition, it is analyzed that the number of damaged papers has increased as the lifespan of the 50,000 won notes first issued in June 2009 has gradually come to an end. The Bank of Korea estimates that the circulation life of the 50,000 won note is about 15 years.
When part of a bill is damaged by fire, etc., Bank of Korea exchanges the full face amount if the remaining area is more than three-quarters, and half the amount if the remaining area is n remaining between two fifths and less than three quarters. Coins are usually exchanged for their face value, but cannot be exchanged if their shape is difficult to recognize or if their authenticity is difficult to determine.
Kang Yubin Correspondent yubin@hankookilbo.com
0 0 Share Save
#years #burnt #wet #currency #stacked #times #tall #Lotte #Tower
