South Korea's central bank burns, quarantines cash in COVID-19 precaution

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SEOUL: South Korea's central bank said on Friday (Mar 6) it was quarantining bank notes for two weeks to remove any traces of coronavirus and even ...

SEOUL: South Korea's central bank said on Friday it was quarantining bank notes for two weeks to remove any traces of coronavirus and even burning some as part of efforts to stem the outbreak.

The Bank of Korea said it is also putting currency notes through a high-heat"laundering" process, as it always has, before releasing them for circulation."For all cash coming to the central bank from local banks, the Bank of Korea will keep it in a safe for two weeks, given that the virus usually dies out after nine days," a BOK official told Reuters.

By early Friday, South Korea had confirmed 196 new cases infected by the coronavirus and a total of 6,284, leading almost 100 countries to impose restrictions on South Korean travellers.

The routine process for handling cash in South Korea involves heating notes to 150 degrees Celsius for two to three seconds, then keeping them at 42 degrees after packaging, which effectively disinfects the cash, the bank said.

 

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