An elderly Chinese woman from Muyang County wanted to protect her money several years ago so she buried 100,000 yuan ($15,600) underneath her kitchen. When she dug it up recently to pay for her son’s wedding, she was distraught to find out that her entire life’s savings had decomposed, reports South China Morning News.
The woman’s son claimed she sealed the money in plastic wrap and buried it in a metal box, but her measures were not enough as all of the banknotes were completely destroyed. He said:
“This is almost all of my parents’ life savings. They can’t accept what’s happened. So I want to go to banks and see if they have any solution.”
Although her predicament is unfortunate, most know that there is very little she can do about the ruined banknotes. An expert from The People’s Bank of China told the woman’s son that although there was nothing his bank could do, he was willing to contact other banks to see if they could offer any possible solutions.
The practice of hiding money inside the home to avoid theft was commonplace in China before the rise of the banking industry in the country. Many Chinese citizens, lacking trust in the banking system, still store their money inside their homes today.