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In reply to the discussion: The exchange of CASH MONEY is one way of spreading the virus. [View all]KY_EnviroGuy
(14,483 posts)43. China Quarantines Cash to Sanitize Old Bank Notes From Virus
China Quarantines Cash to Sanitize Old Bank Notes From Virus
Bloomberg News
February 15, 2020
Link: https://www.bloomberg.com/news/articles/2020-02-15/china-quarantines-cash-to-sanitize-old-bank-notes-from-virus
(includes a good video: A Cell Biologist Explains How a Virus Mutates and Spreads)
(snip)
KY...........
Bloomberg News
February 15, 2020
Link: https://www.bloomberg.com/news/articles/2020-02-15/china-quarantines-cash-to-sanitize-old-bank-notes-from-virus
(includes a good video: A Cell Biologist Explains How a Virus Mutates and Spreads)
(snip)
The new coronavirus has restricted millions of Chinese people to their homes and towns, and now old bank notes are being quarantined.
The government cut off the transfer and allocation of old bank notes across provinces, and between cities most affected by the deadly outbreak, according to Fan Yifei, Peoples Bank of Chinas deputy governor. The central bank also ramped up measures to sanitize old money to reduce contagion risks and added 600 billion yuan ($85.9 billion) of new cash for Hubei, the epicenter of the coronavirus, he said.
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 at a press conference on Saturday. Money circulated in less riskier areas is subject to a week of quarantine and commercial lenders have been asked to separate cash from hospitals and food markets, he said.
The government cut off the transfer and allocation of old bank notes across provinces, and between cities most affected by the deadly outbreak, according to Fan Yifei, Peoples Bank of Chinas deputy governor. The central bank also ramped up measures to sanitize old money to reduce contagion risks and added 600 billion yuan ($85.9 billion) of new cash for Hubei, the epicenter of the coronavirus, he said.
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 at a press conference on Saturday. Money circulated in less riskier areas is subject to a week of quarantine and commercial lenders have been asked to separate cash from hospitals and food markets, he said.
KY...........
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Cashless isn't perfect either, if you have to use a stylus or keypad. Tap-to-pay cards/card readers
RockRaven
Feb 2020
#14
Chinese are destroying a lot of the currency that has been circulating and replacing it....
Pachamama
Feb 2020
#28
I need to locate the info where I saw this...think it was out of an investor news brief from Europe
Pachamama
Feb 2020
#41
The govt will surely use this point to try to lessen cash use. So they can track us MORE
oldsoftie
Feb 2020
#53