In Italy, banking isn’t just about money—sometimes it’s about cheese. In a country where Parmigiano-Reggiano is worth its weight in gold, one bank has figured out how to turn those giant wheels into hard currency. If you think banking is boring, think again. This is the story of how a regional bank has been turning cheese into cash since 1953, and why it’s still one of the most delicious financial strategies around.

 

Italian bank’s ‘grate’ move to accept Parmigiano-Reggiano cheese as collateral for loans