Coronavirus Outbreak: China cleans, locks away banknotes to stop virus spread

Date:

Before Article Content · 728×90
Advertise Here

Trending

- Advertisement -

China is disinfecting and isolating used banknotes as part of efforts to stop the spread of the new coronavirus that has killed more than 1,500 people, officials said Saturday.

Banks use ultraviolet light or high temperatures to disinfect yuan bills, then seal and store the cash for seven to 14 days — depending on the severity of the outbreak in a particular region — before recirculating them, China’s central bank said at a press conference.

The virus, which has infected more than 66,000 people in China and spread to more than two dozen other countries, has sparked a rush to disinfect public places and minimise contact between people.

Pharmacies across the country sold out of disinfectants and surgical masks in just days after a lockdown was announced in late January on Wuhan city, where the COVID-19 illness is believed to have emerged.

Office buildings have installed packets of tissue in elevators that tenants are encouraged to use when pressing buttons, while ride-hailing company Didi exhorts drivers to disinfect their cars daily.

- Advertisement -

Fan Yifei, deputy governor of China’s central bank, said Saturday that banks have been urged to provide new banknotes to customers whenever possible.

The central bank made an “emergency issuance” of four billion yuan in new notes to Hubei province, the epicentre of the outbreak, prior to the recent Lunar New Year holiday, Fan added.

The measures are intended to “secure the public’s safety and health when using cash”, Fan said.

But it is unclear how wide an impact the central bank’s disinfection work will have, with increasing numbers of Chinese people preferring mobile payments over cash in recent years.

- Advertisement -

In 2017, nearly three quarters of Chinese respondents told an Ipsos survey they could survive a whole month without using more than 100 yuan in cash.

According to the World Health Organization, COVID-19 can be spread through contaminated objects in addition to droplets and direct contact with infected patients.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

Stay ahead of the curve, every day.

A daily briefing covering news, interviews, and the trends driving the world forward. Curated for readers who want news, not noise.

We don’t spam! Read our privacy policy for more info.

- Advertisement -
Krishna Mali
Krishna Mali
Founder & Group Editor of TechGraph.

More Latest Stories

More Articles

Sol Volume Bot: Choosing a ChartUp Solana Volume Package

Choosing a ChartUp package should begin with the engineering question, not the largest available number. A team checking whether a Raydium route works after...

TECNO to launch CAMON 50 Ultra Smartphone in India

Smartphone maker TECNO has announced the launch of the CAMON 50 Ultra under its premium CAMON series in India on July 17. Designed to attract content creators and photography enthusiasts, the company is positioning the upcoming smartphone as a device capable of capturing fast-moving moments...

Why does Enterprise need an AI exit strategy before adapting?

From being experimental to being a necessity for any business, Artificial Intelligence has changed...

How Technology-Led Skilling Is Strengthening India’s Healthcare Services Economy

India’s medical services segment is entering a transformative phase, driven by the rapid expansion...

The AI Studio Economy: SimplifyGenAI’s Gurleen Khurana on Redefining Creative Production

Speaking with TechGraph, Gurleen Khurana explains how generative AI is transforming brand storytelling, creative production, and the rise of integrated AI studios.

StationPC PA100 Pro: The Next-Gen Portable NAS Storage Solution for On-the-Go Professionals

The next-generation PocketCloud (model: PA100 Pro) portable NAS from StationPC has officially been unveiled,...

The New Collateral in Lending Isn’t an Asset; It’s a Citizen’s Consent

Old habits die hard, and few habits in Indian finance have died harder than...

Why Do Most Enterprise AI Projects Never Make It Past the Pilot Stage?

Conceiving, developing, and implementing AI projects an optimum mix of creativity, dedication, and perseverance.

Organic BSC Volume Bot: What Timing Variation Actually Changes

Timing is one of the easiest automation details to overlook and one of the quickest ways to produce an unhelpful test. On BNB Smart...

How Mixed-Use Ecosystems Will Shape the Next Decade of Urban India

India's urban growth story is entering a decisive phase. By 2036, nearly 600 million...

The Responsiveness Economy: DashLoc’s Sumit Singh on Redefining Customer Conversations with AI

Speaking with TechGraph, Sumit Singh, Co-Founder & CEO of DashLoc, discussed how businesses are...

PatexOne: Could This Platform Be Smarter Than Your Impulses?

Australian investors are used to platforms that shout about leverage and “opportunity”. PatexOne takes...

How AI Is Quietly Turning Interior Design into a Predictive Science

Predictive science uses historical data, behavioral trends, simulations, and machine learning models to predict...

AI That Serves: Impact AI Foundry’s Arjun Balaji on Making Artificial Intelligence Accessible for Nonprofits

Speaking with TechGraph, Arjun Balaji, Co-Founder and Programme Director of Impact AI Foundry, discussed how the organisation is helping make artificial intelligence adoption more...

How AI Is Building India’s Next-Generation Emergency Mobility Infrastructure

Imagine this. A customer is stranded on the roadside due to a vehicle breakdown and raises a request for assistance. In a traditional roadside assistance ecosystem, the process would largely depend on manual coordination. A support executive would analyse the issue, identify a nearby...

Human-in-the-Loop: Why AI in Education Still Needs the Professor

Generative AI is rapidly entering classrooms, boardrooms, and training programs. Yet a critical question...

Why Indian Men Are Quietly Moving Away From Fast Fashion

When a man opens his wardrobe, stares at a rail of clothes, and realises...

Nexchain AI Maps Its Final Path to Launch as $0.06 Token Presale Window Nears Its Close

Like a building project that moves from design to final inspections, the Nexchain AI...

Nexchain AI Sets Mainnet and Presale Token Launch in Motion With Final $0.06 Access

Nexchain AI has entered a decisive 2026 build phase as its launch roadmap moves...

The Role of Predictive Technology in Creating Sustainable Infrastructure Ecosystems

Infrastructure development today is no longer just about building faster or expanding bigger. The...

The Reliability Equation: Trev Mobility CEO Naveen Gupta on Building Trust in Premium Electric Ride-Hailing

During an interview with TechGraph, Naveen Gupta, Founder & CEO of Trev Mobility, highlighted...

Why Players Buy LoL Boost and How the Process Works

If you’re researching why players buy lol boost, you’re usually trying to understand two...

CasinoBonusesFinder UK: how filters, Telegram alerts and real bonus matching work in practice

Anyone who has spent serious time on casino bonus hunting knows the drill. You...

The Importance of Keeping Up to Date With Auto Maintenance

Auto maintenance is one of the most important responsibilities that comes with owning a...

PatexOne: Could This Platform Be Smarter Than Your Impulses?

Australian investors are used to platforms that shout about leverage and “opportunity”. PatexOne takes...

“Budget should focus on reducing taxes on capital gains,” Says Abhishek Gupta of Hex N Bit

Speaking in the upcoming Union Budget 2021, Abhishek Gupta, Founder, and CEO, Hex N...

“China is a Global thief” Rep. Tom Rice on Uyghur Forced Labor Prevention Act

Speaking at the House on Uyghur Forced Labor Prevention Act, Rep. Tom Rice (R-SC)...

The Efficiency Gap That Will Reshape Finance by 2030

Here is the number that should be keeping every CFO awake right now: 97%...

The rise of tier-2 GCCs: How digital infrastructure is redefining India’s technology talent map

For the better part of two decades, India's Global Capability Centre (GCC) story was...

How AI Is Quietly Turning Interior Design into a Predictive Science

Predictive science uses historical data, behavioral trends, simulations, and machine learning models to predict...

Key differences between a burner phone & prepaid phone

You may have heard both terms mentioned when it comes to protecting your identity....

Alphabet Discloses $2.14 Billion in Public Equity Holdings as of June 30

Alphabet Inc. disclosed $2.14 billion in equity securities held across 39 positions as of...

India to generate $100 bn from telephonic investments

India expects to attract $100 billion in investments in the telecom sector, a union...