Issue Mar. 2, 2020

  1. How Central Banks treat the banknote topic regarding the COVID-19
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1. How Central Banks treat the banknote topic regarding the COVID-19

Source: BIN
  • Please see below interesting links how Central Banks treat banknote cleaning / processing topic regarding the CoronaVirus.
I) China banknote cleaning process (BIN News Issue from 17th of February - link here)
  1. China: Central Bank started banknote cleaning process; Spectra Systems: Aeris™ BN Cleaning Syste
  2. De La Rue: Under pressure from lenders - open credit facility of £275m
  3. Armenia / G+D: PM is visiting HQ of Giesecke + Devrient

II) How long can coronavirus survive on surfaces? (Source: read more)
  • Disease experts say the new outbreak of the virus, named COVID-19, is mainly spread from person to person through coughing or sneezing
  • It may be possible for a person to become infected by touching a surface or object that has the virus on it and then touching their own mouth, nose or eyes.
  • The Bundesbank said this past week that “so far there is no evidence of the coronavirus having been spread via Euro banknotes” and that “the probability of contagion with a virus via a banknote is very low in comparison with other surfaces.”

III) Bank of Korea will superheat banknotes to stop coronavirus (Source: Bank of Korea)
  • Banknotes, which are printed on a paper substrate in Korea, will now be exposed to temperatures of 150 degrees celsius

IV) China to Destroy Paper Currency From Hardest-Hit Coronavirus Regions (Source: read more)
  • China’s central bank says it plans to destroy most of the banknotes collected by hospitals, markets, and buses in some regions hard hit by the new coronavirus
  • The government has ordered banks to remove incoming paper currency from circulation and replace it with the new cash.
  • They have been directed to keep the cash under quarantine for 14 days and disinfect it at high temperatures and with ultraviolet light before returning it to the public.
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