Photo: Bank of Korea.
Small notes, large notes, please do not put them in the washing machine. That is the message of the National Bank of South Korea. A man – who remains anonymous – has done so in recent months and contacted the bank asking if he could exchange his broken notes for new ones. This is possible with minimal damage, but if there is a lot of damage, the notes will be exchanged at half the price. The man – who received the money at a funeral as ‘mourning money’ – washed the notes because he was afraid of the corona virus. It is not clear how much money he washed in total, but he was paid 23 million, about 16,000 euros. According to the bank, the man therefore suffered a significant loss.
Another South Korean put his banknotes in the microwave. The damage was less in this case: he still got most of his money back.