Destruction
See also: Money burningBanknotes last on an average of three years until they are no longer fit for circulation, after which they are collected for destruction, usually recycling or shredding. A banknote is removed from the money supply by banks or other financial institutions because of everyday wear and tear from its handling. Banknote bundles are passed through a sorting machine that determines whether a particular note needs to be shredded, or are removed from the supply chain by a human inspector if they are deemed unfit for continued use – for example, if they are mutilated or torn. Counterfeit banknotes are destroyed unless they are needed for evidentiary or forensic purposes.
Contaminated banknotes are also decommissioned. A Canadian government report indicates:
Types of contaminants include: notes found on a corpse, stagnant water, contaminated by human or animal body fluids such as urine, feces, vomit, infectious blood, fine hazardous powders from detonated explosives, dye pack and/or drugs...
These are removed from circulation primarily to prevent the spread of diseases.
When taken out of circulation, Australian Plastic/Polymer bank notes are melted down and mixed together to form plastic garbage bins.
Read more about this topic: Leather Currency
Famous quotes containing the word destruction:
“The least pain in our little finger gives us more concern and uneasiness than the destruction of millions of our fellow-beings.”
—William Hazlitt (1778–1830)
“Though castles topple on their warder’s heads,
Though palaces and pyramids do slope
Their heads to their foundations; though the treasure
Of nature’s germens tumble all together,
Even till destruction sicken—answer me
To what I ask you.”
—William Shakespeare (1564–1616)
“We may be witnesses to a Biblical prophecy come true. “And there shall be destruction and darkness come upon creation, and the beasts shall reign over the earth.””
—Ted Sherdeman. Gordon Douglas. Dr. Medford (Edmund Gwenn)