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Thousands of crores of rupees currency to be destroyed in China to avoid the Coronavirus infection

Tuesday - February 18, 2020 11:41 am , Category : WORLD
Possibility of spreading the Coronavirus through currency in China
Possibility of spreading the Coronavirus through currency in China

'Demonetization' type of decision taken in China also due to the Coronavirus!

FEB 18 (WTN) - Everyone knows about the historic decision of the demonetization by the Modi government in November 2016. Due to the demonetization, the circulation of 500 and 1,000 rupee notes which were already prevalent was abolished, and people had to deposit 500 and 1,000 rupee notes in banks. Now, something like this is going to happen in China facing the Coronavirus infection. In fact, due to the Coronavirus in China, a big decision has been taken by the government there, like demonetization. What is the whole matter? Let us tell you about it in detail.
 
As you are aware, the Coronavirus infection spread from Wuhan city of China has become an epidemic in China and has caused billions of dollars to the Chinese government. At the same time, about 1,800 people have died in China due to the Coronavirus, and around 71,000 people are said to be infected. The statistics of deaths and infections due to the Coronavirus have been released by the Chinese government, so the foreign media does not trust them much.
 
Actually, for your information, let us know that there are a ban and censorship on media in China. In such a situation, the whole world gets information about any incident that happens in China, which the leftist government of China presents to the whole world. However, many media reports claim that the death toll due to the Coronavirus in China is around 30,000, the leftist government of China is hiding this truth before the whole world.
 
But as we told you earlier, the Chinese economy has suffered a big setback due to the Coronavirus. Explain that due to the Coronavirus, many countries have currently suspended trade activities with China. In such a situation, it is estimated that the loss of about $ 145 billion to China may be due to the Coronavirus. But the Coronavirus poses a new challenge before the Chinese government. And the challenge is to destroy thousands of crores of Coronavirus-infected currency and to regularize new notes in the market.
 
In fact, along with protecting its citizens from the Coronavirus infection, a major challenge before the Chinese government is to destroy the infected notes in the market from the hands of the Coronavirus infected people. By the way, the Chinese government has quickly changed its currency of millions of crores. At the same time, the Chinese government is engaged in the mission to destroy the notes that came in the market of the Coronavirus infected other cities, including the city of Wuhan.
 
According to information from China, the Central Bank of China, the People's Bank of China, will destroy all the paper notes that have come into the market. Explain that these currency notes have come to the bank after collecting it from markets, hospitals, trains, and buses. However, it is not yet known how much amount the Central Bank of China is going to destroy? For your information, let us know that from January 17, the Central Bank of China has so far issued new notes of 600 billion Yuan (6.11 lakh crore rupees) in the whole country. Of these, new notes worth 4 billion Yuan, or about 28,581 crore rupees have been sent to the worst affected city of Wuhan.
 
The Central Bank of China will, first of all, destroy the currency already prevalent in the market due to the apprehension of transmission of notes due to the Coronavirus. After this, the notes sent in the market from January onwards will be deposited and quarantined. To quarantine the notes will be cleaned with ultraviolet rays, only then these notes will be sent to the market for circulation. In order to destroy the Coronavirus-infected notes, the Central Bank of China has requested all people to deposit old paper notes in the bank, which can be destroyed or quarantined.