FRIDAY, March 29, 2024
nationthailand

Backyard cash stash rediscovered – but what's it worth?

Backyard cash stash rediscovered – but what's it worth?

An elderly Sakhon Nakhon woman digging for galanga root in her backyard this week came across a small fortune in banknotes she’d buried long ago – but she’s going to need patience and a sympathetic bank manager to regain their value.

The woman, who was not named, had forgotten where in the garden she’d buried the cash for safekeeping. Only when digging up roots to use in the kitchen did she stumble on the stash.
However, the banknotes are in poor condition.
The discovery was reported on the Khaosan Banhao Facebook page, whose administrators offered a glimpse of what the woman can expect.
They posted information gleaned from the Currency Act 1958 indicating that some of the recovered notes would by now be deemed “imperfect”.
These include any note divided vertically at or near the centre, any “mismatched” note that’s been created out of two or more separate notes, and any mutilated or defaced note with parts missing or with text or numbering rendered illegible. 
Section 19 of the act authorises the Bank of Thailand to allow the exchange of imperfect notes within limits set out in Ministerial Regulations. 
A half note could be redeemed for half its face value. A mismatched note of only two pieces, each the same model and value, could fetch full face value. Mutilated or defaced notes could also be redeemed for full value as long as they’re at least half intact and the value is recognisable. 
It’s even possible to redeem banknotes that have at least three of five segments intact, but for notes in worse condition than that, a formal “currency exchange request” has to be submitted.

RELATED
nationthailand