Connect with us

Health/Fitness

Coronavirus triggers China to destroy, quarantine cash in outbreak hotspots

Published

on

BEIJING – A branch of China’s central bank has begun to gather old paper currency from high-risk areas for the coronavirus and destroying the cash to prevent the contagion from spreading.

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 assure the safety of cash dealings, the South China Morning Post reported.

PBOC Deputy Governor Fan Yifei told reporters at a news conference that potentially contaminated bills from other hotspots, along with the central province of Hubei, the epicenter of the virus, will be quarantined and sterilized before recirculation. Yifei 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 Morning Post reported that between Feb 3. and Feb, 13, the bank removed 7.8 billion yuan ($1.1 billion) from the southern province of Guangdong, while adding about $3 billion yuan ($430,000) back into circulation.

Billions in banknotes are being collected for disinfection or destruction and the PBOC has already distributed 600 billion yuan ($85.6 billion) in fresh currency throughout the country since Jan. 17.

The death toll on the mainland has risen to 1,7770 from the 70,548 cases reported since the outbreak began two months, according to China’s governmental health authority.

Abu Sillah is Business Owner from Prince George's County, MD. He serves as the CEO of The DMV Daily and Marketing Manager of The Wig Cafe. Outside of business and media, Abu is a middle school teacher and Promotions Assistant for RadioOne DC. He has a B.A. in Sociology from the University of Maryland Eastern Shore and an M.A. from Bowie State University. Abu is very passionate about 3 things: media, working with kids and uplifting others,

Days :
Hours :
Minutes

Unity Day 2024 is for the community and gives the youth an opportunity to be kids. Come meet some celebrities, ball players, race stars and more 🎪

 

 

Join our Unity Day Raffle to win some of our cool gifts we are giving away at the event. Click here to learn about the Raffle.