Sunday, 5 June 2011

In the News: Money eating Termites

From Helium: Termites devour piles of cash in Uttar Pradesh bank
How safe is your money in banks anyway? Not very, it seems, if the bank in question happens to be the Fatehpur branch of State Bank of India where termites have reportedly feasted on currency notes worth more than ten million Indian rupees. That is equivalent to $225,000 or £137,000 worth of money turned to dust.
Read more

A few years ago there was a similar case of termites eating money in an Indian bank: Termites feast on trader's money (BBC News).