The People’s Bank of China arranged to allocate nearly 600 billion yuan ($86b) of new banknotes. Money removed from high-risk sites such as hospitals and markets would be sealed and specially treated, but it would then be held by the People’s Bank of China (PBOC) instead of re-entering circulation, officials said.
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China is sterilizing cash in an attempt to stop the coronavirus spreading
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“It should be said that China’s electronic payment system is relatively advanced,” he said. “Recently, there have been some new developments in various places — people pay for their orders on their mobile phones, and they can buy fresh and affordable meat, eggs, vegetables and fruits without going out, which has solved a major problem in people’s lives during the outbreak.”
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