
Stashes of fifty,000-won banknotes broken by fireplace is proven on this Feb.3 picture supplied by the Financial institution of Korea (BOK). Courtesy of BOK
The quantity of broken banknotes present in Korea inched down in 2024 from a 12 months earlier to 474.89 million payments, the central financial institution mentioned Monday.
The quantity marks a 1.9 % decline from the earlier 12 months’s 483.85 million payments, in response to the Financial institution of Korea (BOK).
Nonetheless, the payments, when stacked collectively, stand 23 instances increased than Mount Everest, costing tens of millions of {dollars} in taxpayer cash.
„If we stack up all of the broken banknotes final 12 months, the peak is 23 instances increased than that of Mount Everest of 8,849 meters. The BOK will proceed campaigns to advertise using banknotes correctly in order to scale back prices for dealing with broken payments and issuing new ones,“ the central financial institution mentioned in a launch.
When it comes to face worth, broken banknotes discarded by the BOK went down 12.9 % from a 12 months earlier to three.38 trillion gained in 2024. (Yonhap)