Planet China

Cash society

There’s a saying about thrift that’s popular in Scotland: “Look after the pennies and the pounds will look after themselves.”

The BBC seems to have found the perfect example – albeit in China rather than Caledonia. A Shandong businessman named Zhao hasn’t wasted a penny. In fact he amassed over 100,000 small bills, before approaching local car dealers in Jining to make a purchase. As many of the notes were torn or stained (and none valued at more than Rmb1), this was not a straightforward transaction. Eventually he found a dealer keen enough to sell him van to accept the huge bags of cash. It meant bringing in extra accounting staff to count the money, which they did, non-stop, for the next day and a half. After the dealer confirmed the amount was correct – to the cent – Zhao drove his new vehicle off the forecourt.


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