{"id":646767,"date":"2017-06-22T04:13:37","date_gmt":"2017-06-22T04:13:37","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/22\/using-cheese-as-collateral-in-italy\/"},"modified":"2017-06-22T04:13:37","modified_gmt":"2017-06-22T04:13:37","slug":"using-cheese-as-collateral-in-italy","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/22\/using-cheese-as-collateral-in-italy\/","title":{"rendered":"Using cheese as collateral in Italy"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>Italians essentially invented modern banking. And they make amazing cheese. Why not <\/strong><strong>combine the two?<\/strong> Credito Emiliano is one of those ideas you get when you have a little too much wine and parmesan. It\u2019s a bank whose system of credit relies on the deposit and collateralization of cheese. Parmigiano-Reggiano to be exact, according to a video by <a href=\"https:\/\/www.youtube.com\/watch?v=XzBPdU_iVcI&feature=youtu.be\">Great Big Story<\/a> (runtime 2:23). Parmigiano-Reggiano is a special kind of cheese because it needs to be aged for 16 to 36 months, and a wheel can be worth thousands of USD, making it a safe long-term investment for the bank. The 300,000 wheels of this cheese that the bank has on deposit in special warehouses are now worth over EUR 160 mn.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Italians essentially invented modern banking. And they make amazing cheese. Why not combine the two? Credito Emiliano is one of those ideas you get when you have a little too much wine and parmesan. It\u2019s a bank whose system of credit relies on the deposit and collateralization of cheese. Parmigiano-Reggiano to be exact, according to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":646768,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9004],"tags":[72,2388],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-646767","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-worth-watching","tag-enterpriseam","tag-worth-watching","wpautop","entry"],"acf":{"mongo_id":"2468d026-e48a-4feb-a645-d5e89d477cc8","order":"0","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2017\/6\/547.jpg","photo_position":"above","related_issue":[646744],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Using cheese as collateral in Italy - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/22\/using-cheese-as-collateral-in-italy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Using cheese as collateral in Italy\" \/>\n<meta property=\"og:description\" content=\"Italians essentially invented modern banking. And they make amazing cheese. Why not combine the two? Credito Emiliano is one of those ideas you get when you have a little too much wine and parmesan. It\u2019s a bank whose system of credit relies on the deposit and collateralization of cheese. 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