Coronavirus triggers China to destroy, quarantine cash in outbreak hotspots, reports say

2 mins read


A branch of China’s central bank is gathering old paper currency from areas deemed high-risk for the coronavirus and destroying the cash to prevent the contagion from spreading, reports said Sunday.

The Guangzhou branch of the People’s Bank of China (PBOC) ordered the destruction of all paper banknotes from hospitals, fresh food markets and buses in areas exposed to the COVID-19 outbreak to ensure the safety of cash dealings, the South China Morning Post reported.

CHINA SEES CORONAVIRUS DEATH TOLL RISE BY 105

Potentially contaminated bills from other hotspots, including the central province of Hubei, the epicenter of the virus, will be quarantined and sterilized before recirculation, PBOC Deputy Governor Fan Yifei told reporters at a news conference, according to Bloomberg News. He said money from lower-risk areas will be quarantined for a week.

“Money from key virus-hit areas will be sanitized with ultraviolet rays or heated and locked up for at least 14 days before it is distributed again,” Fan said.

The Chinese government also has frozen the transfer and distribution of old cash across provinces and between cities hit hardest by the epidemic, he said.

HOW DANGEROUS IS CORONAVIRUS?

The bank removed 7.8 billion yuan ($1.1 billion) from the southern province of Guangdong between Feb. 3 and Feb. 13, while adding nearly 3 billion yuan ($430,000) back into circulation, the Morning Post reported.

As billions in banknotes are being collected for disinfection or destruction, the PBOC has already distributed 600 billion yuan ($85.6 billion) in fresh currency throughout the country since Jan. 17, according to the outlet.

CLICK HERE FOR THE FOX NEWS APP

On Monday, a slight uptick in new COVID-19 cases was reported in China. The death toll on the mainland has increased to 1,770 from among 70,548 cases since the outbreak began two months ago, according to China’s governmental health authority.



Source link

Previous Story

Tom Fitton Provides the Explanation for Why DOJ Refuses to Prosecute

Next Story

Biden: Bernie Sanders Must Disavow "Trump-Like" Attacks From His Supporters | Video

Latest from WORLD

TRUTH RIGHT IN YOUR INBOX!!!
JOIN OVER 35,000+ PATRIOTS IN RECEIVING REAL, ACCURATE, AND AMERICAN-CENTRIC NEWS!
Become a patriot!
Stand up to power, stand up to the establishment, and join us in the fight against the mainstream media!
Close