IF there is indeed such a thing as afterlife, the Chinese and Vietnamese might just be the richest people there. And that’s because their living relatives make sure they are well provided for - by throwing money into flames.
Well, not real money. Fake notes only. This fake money is commonly known as ghost money, “Joss paper” and as ‘pinyin’ (literally ‘shade’ or ‘dark’ money) in Chinese. The ghost money, along with other papier-mâché items (usually expensive stuff) are burned as a part of Chinese tradition - on holidays to venerate the deceased, and also at funerals, to make sure that the spirits have plenty of good things in the afterlife.
Traditionally, Joss paper is made from coarse bamboo paper or rice paper. The Joss is cut into squares or rectangles and has a thin piece of square foil glued in the center. Sometimes, it is even endorsed with a traditional Chinese red ink seal depending on the particular region. The paper is generally of a white color (symbolising mourning) and the foil is either silver or gold (representing wealth), hence the name, ghost money.
The three types of ghost money are copper (for newly deceased spirits and spirits of the unknown), gold (for the deceased), and silver (for ancestral spirits and local deities). Sometimes Joss paper is completely gold, engraved with towers or ingots. The burning of joss paper is not done casually, but with a certain reverence, placed respectfully in a loose bundle. Some other customs involve folding each sheet in a specific manner before burning. The burning is mostly done in an earthenware pot or a chimney built specifically for this purpose.
Contemporary forms of joss money are rather different; they look more like the money from current times. Westernised varieties include copies of Bank notes (Chinese Yuan, Thai Baht, Vietnamese Dong, or even the US Dollar), cheques and paper credit cards. –ODC