Negative interest rates: Into the red

    Negative interest rates: Into the red

    Four years ago a woman in Beijing bundled 100,000 yuan (approximately £10,192) in a plastic bag, put the bag in a metal container, and buried it under her kitchen floor. When the woman returned to the buried funds last month she discovered that the notes had disintegrated, turning to mush. The near unrecognisable notes had lost all their value, and will likely not be redeemable at any bank for exchange.

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