Discuss as:

Burning through money in Hungary

Laszlo Balogh / Reuters

Banknotes that have been removed from circulation await processing at the logistics center of the National Bank of Hungary in Budapest on Feb. 7. More than a $1 billion worth of forints will be converted to fuel and handed out to charities.

Every year Hungary recycles approximately $1 billion worth of worn out forints, and converts the used currency into bricks. These bricks are sent to several charities, so they can burn them as heating fuel. The program allows the organization to cover up to a third of their annual heating costs.

According to Reuters, Hungary is the only country to recycle its worn cash for fuel each year.

Laszlo Balogh / Reuters

Tons of shredded and compressed banknotes are unloaded from a truck at the Foundation to Help Autism in Miskolc, Hungary on Feb. 7.

Laszlo Balogh / Reuters

Banknotes shredded and compressed into heating fuel are distributed at the Foundation to Help Autism in Miskolc, Hungary.

Laszlo Balogh / Reuters

Banknotes converted into bricks are burned as heating fuel at the Foundation to Help Autism in Miskolc, Hungary on Feb. 7.