Torn, stained and in some circumstances wrinkled notes all qualify to be destroyed according to experts. Liberia burns old banknotes worth $4mIn the case of Liberia which is the latest country to conduct this exercise, 600m Liberian dollars ($4m; £3m) worth 4 million dollars, old and mutilated banknotes have been burnt. It also comes after the apparent disappearance of state funds in 2018 - with allegations that more than $100m worth of newly printed Liberian banknotes had gone missing. How much does it cost to burn and replace banknotes? it is not clear how much it will cost for the government to replace the destroyed notes.

Source: Ethiopian News February 03, 2022 06:05 UTC