Germany deposits €50 million of filthy money after floods.

Money laundering concept: Banknotes hanging out to dry on clothesline on blurred green background

More than 50 million euros have been collected by Germany’s central bank following the catastrophic floods of last July, according to the bank.

introduction

Each year, the bank says, it receives damaged bills totaling about €40 million.

Citizens have been bringing in floodwater-soaked notes, as well as notes soiled with oil, sewage, and dirt, according to the Bundesbank.

A Mainz facility that examines forged and damaged money processes and destroys the damaged money once it has been dried and processed, according to the authorities.

highlights

  1. Over 180 people perished and hundreds were injured in the floods in Germany and Belgium.
  2. Germans deposit €50 million of dirty money after floods 
Germany Deposits €50 Million Of Filthy Money After Floods.
Germany Deposits €50 Million Of Filthy Money After Floods.

When it comes to dealing with filthy money, the Bundesbank says it has invested in dryers because it is vital to handle wet notes swiftly before they clump together and harden into concrete.

In addition, German individuals who return the damaged notes would get a full reimbursement.

Between mid-July and the end of August, the flood-affected districts in western Germany sent the centre 51 million euros in cash.

Over 180 people perished and hundreds were injured in the floods in Germany and Belgium.
It was a torrential downpour that caused tiny streams to develop into rivers that swept away buildings, bridges, and automobiles along their path.

Our social media links.

Visit for our new updates The IN Times

Leave a Reply

Your email address will not be published.

Related Posts
Total
4
Share