The worth of the cheese bank in Italy, specifically the Credito Emiliano's storage of Parmesan cheese, is quite substantial. According to an interview conducted in April 2017, the bank held more than 300,000 wheels of cheese in their facilities. At that time, the value of this cheese inventory alone was estimated to be over 160 million euros, which is equivalent to more than 142 million US dollars using the exchange rate from 2017.
To put this into perspective, the sheer quantity of Parmesan cheese stored in the bank's vaults is quite impressive. Imagine rows and rows of wheels of cheese, each weighing around 80 pounds (36 kilograms) and measuring about 18 to 24 inches (45 to 60 centimeters) in diameter. The sight of such a vast collection of this iconic Italian cheese is truly awe-inspiring.
The value of the cheese bank goes beyond just the monetary worth of the cheese itself. Parmesan cheese, or Parmigiano-Reggiano as it is known in Italy, is a product deeply rooted in tradition and craftsmanship. It is made using a specific method in a designated region of Italy, and its production is strictly regulated to ensure its quality and authenticity. As a result, Parmigiano-Reggiano is highly regarded and sought after by cheese connoisseurs and gastronomy enthusiasts around the world.
The Credito Emiliano's role as a cheese bank is not simply that of a storage facility. It acts as a financial intermediary, providing loans to cheese producers who use their cheese as collateral. This unique form of banking allows cheese producers to access funds while their cheese wheels age and increase in value. It's a symbiotic relationship where the bank benefits from the appreciation of the cheese, and the producers can continue their operations with the necessary financial support.
In addition to its financial value, the cheese bank also holds cultural and historical significance. Parmigiano-Reggiano has been produced in Italy for centuries, and its production methods have been passed down through generations. The cheese bank's role in preserving and safeguarding this culinary heritage is invaluable. It ensures that the traditional methods of cheese production are upheld and that future generations can continue to enjoy the exquisite taste of authentic Parmigiano-Reggiano.
The worth of the cheese bank in Italy extends beyond its monetary value. It represents a unique and innovative approach to banking, supporting both the financial needs of cheese producers and the preservation of a cherished Italian tradition. The Credito Emiliano's storage of more than 300,000 wheels of Parmesan cheese, valued at over 160 million euros, is a testament to the importance and appreciation of this iconic Italian cheese.