China has money to burn!

According to a news report in Daily Mail, Yancheng City in China has found a novel way to generate electricity – by burning truckloads of damaged and out-of-circulation banknotes! This year alone, the report said, 1,800 tonnes of money with a value of almost GBP 18 billion has been incinerated to generate electricity. The money burnt is typically the old 100 Yuan banknotes that are now being replaced nationwide with a new design, the report revealed, and added that every month, the Biomass Power Company’s incinerator turns about 30 tonnes of money mixed with straw into power.