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Nothing is a waste in developed countries. China now burns damaged paper money to generate electricity. Photos taken on Wednesday at an electric power company in Yancheng, Jiangsu Province, show a truck carrying over 3 billion yuan (470 million US dollars) worth of notes. The bundles are first shredded before the small pieces are burnt with straw.
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According to Zhu Hongwei, an employee at the company, each truck weighs around 30 tons, and the company usually ends up burning around 1,800 tons of notes each year.
Zhu told China Radio International that the damaged paper money is a good material to generate electricity, as it has a high heat value and contains less moisture
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