vritti
Trending Now
March 2020
— Srinivas Nidugondi
From train seats to city roads, deep cleaning and sanitization
has certainly taken on a whole new meaning in these
uncertain times marred by Coronavirus! So much so, in
fact, that even cash isn’t spared these necessary
measures. An interesting example in this regard is China-
the epicenter of the COVID-19 virus. As per reports, in mid
of February 2020, the government had ordered banks to
withdraw potentially infected cash from the markets and
disinfect it using ultraviolet or heat treatment, store it for
[1].
seven to 14 days and then re-issue the same in the market
Unsurprisingly, South Korea has followed suit, with
country’s central bank quarantining currency notes for
two weeks and also putting them through a high-heat
“laundering” process, before releasing them for circulation [2].
[1] CNBC
[2] Reuters
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