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Central Bank of China to Destroy Notes from Coronavirus-hit Sectors

The Central Bank of China of the Guangzhou branch will destroy all the banknotes collected from wet markets, hospitals, and buses to ensure the containment of the coronavirus outbreak.

All the notes from the coronavirus infected areas will be destroyed. The Commercial banks in these areas are required to collect the notes, disinfect them, and hand them over to PBOC. The order was issued by the deputy governor of the Central Bank. 

The notes are disinfected with ultraviolet or high temperatures and isolated for 14 days before putting it back into circulation. Central Banks routinely check old coins and currencies and destroy them for new ones.

China has promised extra funds for banks to help businesses that have suffered in one of the worst health crises of the century. Economic growth has slowed and has disrupted everything. 

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