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China will start destroying cash collected in areas with high exposure to the coronavirus

China bank teller

  • The People’s Bank of China announced it will begin destroying notes collected by hospitals, buses, and markets in coronavirus-addles locales, financial news outlet Caixin reported.
  • China’s central bank will also disinfect some bills and store them for 14 days before putting them back into circulation.
  • Banks in Guangzhou will require customers to tell where their deposited notes originated from, though an unnamed deputy bank chief told Caixin “it would be difficult for such a measure to be completely effective.”
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China’s central bank in Guangzhou announced it will destroy cash collected by hospitals, buses, and markets read more >>>

Source:: BusinessInsider.Com