China cleans bank notes in bid to limit coronavirus COVID-19 spread
ABCChina is taking extreme measures to contain the spread of the deadly coronavirus, including cleaning thousands of bank notes already in circulation. Key point: China is using ultraviolet light to clean bank notes of any infection The disinfected cash will be locked away for 14 days Chinese authorities say the economic impact of the virus is only "temporary" This comes as Chinese authorities say the economic impact of the COVID-19 coronavirus is temporary. "Cash collected from key epidemic prevention and control areas will be disinfected … and stored for more than 14 days before being put back on the market," a statement from China's State Council said. "We have required all People's Bank of China branches to … release the newly issued banknotes or funds as much as possible," a representative of the central bank said. People's Bank of China headquarters in Beijing He-Ling Shi, economics professor from Monash University, said the new banknotes were used to replace the cash already in circulation, so the action would have "no impact on economy".