Money to burn at Hungary’s central bank

2011-08-29 13:43

Hungarian charities have the chance to burn tons of used banknotes as an alternative source of heat, the country’s central bank announced on its website today.

Briquettes made by compressing worn out and defaced forint bills have an energy content similar to lignite and can greatly reduce heating bills, the Hungarian National Bank says.

Some 40 to 50 tons of old banknotes are withdrawn from circulation yearly in Hungary, the bank says.
This is the fourth year it has used this novel means of disposing of surplus cash.

Old people’s homes and children’s charities are among the previous beneficiaries of the money-to-burn scheme.

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