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China: Around The Nation

Chinese family’s savings stored in cave destroyed by rats

About 27,000 yuan in notes gnawed by rodents, newspaper reports

PUBLISHED : Tuesday, 27 December, 2016, 1:24pm
UPDATED : Tuesday, 27 December, 2016, 1:24pm

A villager in northern China stored 27,000 yuan (HK$30,000) in cash in a vat in a cave, only to later find all the notes torn to pieces by rats, mainland media reports.

The woman, whose full name was not given, put the money earned by her husband in a vat in July and moved it to a cave in Yulin in Shaanxi province, the China Business News reported.

The money was in five, 10, 50, and 100 yuan notes.

The woman’s son was not feeling well and she went to retrieve some of the money to pay for his medical expenses, only to find it shredded.

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“I’m not literate, I won’t go and save the money in a bank,” the woman, 51, was quoted as saying. “I thought it was safe to put it in a vat. I wasn’t expecting this.”

China’s currency regulations state reimbursement is possible for destruction of cash in a fire, or by rats or bugs, if the owner can prove the legitimate source of the income and a bank verifies the notes and the damage caused.

A manager at a local bank where the woman lives was quoted as saying she should she collect all the pieces of the notes and give them to the bank, which will try its best to reimburse her loss.