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

Published: February 17, 2020   |   2 min read, 392 words

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businessinsider.com

Ben Winck

China's central bank in Guangzhou announced it will destroy cash collected by hospitals, buses, and markets in coronavirus-afflicted areas to curb the outbreak's contagion, financial news outlet Caixin reported Saturday. The People's Bank of China ordered all paper currency with high exposure to the outbreak withdraw cash for either destruction or disinfection, according to Caixin. Commercial banks were told to place banknotes from infected areas aside, clean them, and hand them to the central bank. The coronavirus continues to spread around the world and most heavily hit China's...