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:
“All my humor is based upon destruction and despair. If the whole world were tranquil, without disease and violence, I’d be standing on the breadline right in back of J. Edgar Hoover.”
—Lenny Bruce (1925–1966)
“The true gardener then brushes over the ground with slow and gentle hand, to liberate a space for breath round some favourite; but he is not thinking about destruction except incidentally. It is only the amateur like myself who becomes obsessed and rejoices with a sadistic pleasure in weeds that are big and bad enough to pull, and at last, almost forgetting the flowers altogether, turns into a Reformer.”
—Freya Stark (1893–1993)
“We are heading towards catastrophe. I think the world is going to pieces. I am very pessimistic. Why? Because the world hasn’t been punished yet, and the only punishment that could be adequate is the nuclear destruction of the world.”
—Elie Wiesel (b. 1928)