One Chinese yuan is equivalent to 53 fils in the UAE.


Got old Chinese yuan bank notes? These are now being quarantined over coronavirus fears


DUBAI – The Chinese government has quarantined old Chinese bank notes as part of efforts to curb the global spread of the new coronavirus.

China said it is cutting off the transfer of old bank notes affected by the deadly outbreak. The Central Bank said that money from virus-hit areas will be sanitized with ultraviolet rays before they are distributed.

The move to quarantine bank notes comes after China put coronavirus-hit cities under lockdown, restricting the travel of millions of people.

People’s Bank of China Deputy Governor Fan Yifei said that the Central Bank has added 600 billion yuan (Dh315.4 billion) new cash for Hubei, the epicenter of the virus .

“Money from key virus-hit areas will be sanitised with ultraviolet rays or heated and locked up for at least 14 days, before it is distributed again,” Yifei said at a press conference on Saturday.

Yifei said that money from hospitals and food markets will be separated. ICA/Expat Media

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