Bank Uses Inflation To Steal Money Deposited In 1953

Bank Uses Inflation To Steal Money Deposited In 1953
80 year old Mrs. Xu deposited 50,000 RMB in the bank in 1953, she now would like to withdraw the money but the bank told her that she can only get 20 RMB counting interest because when she deposited the money it wasn’t worth much. At that moment 50,000 RMB had the buying power of about 5 RMB today. She claims she has been arguing with the bank for 10 years to get a reasonable amount from them, so she broke down the door of the bank. Netizens think that they should just give her the 50,000 RMB that she originally deposited.

Source:
Netease

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