South Korea quarantines and burn their cash due to Coronavirus

[plvbob0070]

South Korea is one of the countries with a high number of cases of Coronavirus or COVID-19 with 6,248 infected cases. Due to the rapidly increasing of people being affected by the virus, travel ban to South Korea has been imposing by almost a hundred countries around the world.

As for precaution by the local government of South Korea, its central bank Bank of Korea (BOK) had been quarantining its banknote for two weeks and even burned some of it to lessen the possibility of more outbreaks.

"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.

Source:

Code:

https://www.gmanetwork.com/news/news/world/728638/s-korea-s-central-bank-burns-quarantines-cash-in-coronavirus-precaution/story/

BOK said that they are putting their currency in a high-heat laundering process before releasing it and adding it to the circulation. It is said that the virus dies in high temperature and similar viruses like SARS emerges during cold weather and then dies during the hot season.

South Korean COVID-19 cases are increasing so I think it's a good thing to do to lessen the possibility of spreading the virus. Although by this, the virus won't be totally stopped from spreading but this is a big help especially for countries highly affected by the virus.

Paper money is one of the things we are always holding and it is also one of the things that has a lot of bacteria because money is being passed from one person to another. So when we hold money, always make sure to wash and clean your hands before touching your face to keep ourselves protected.

[Wexnident]

These people are very superstitious, they rather believe in shaman than religious scholar or educated scholar, let the idiots do whatever they want.

Superstitions what? Where exactly did the superstition come from? Anything the virus touch could normally become a possible source of infection, so them taking precautionary measures isn't anything wrong imo. Even if it may not be the main way of transmission, it is still completely possible. Just like how it is said in various articles, the virus could rest itself on armrests of airplanes and the like, so why can't money be a possible one?

https://www.aljazeera.com/news/2020/01/coronavirus-spread-protect-200130115539072.html
https://www.cdc.gov/coronavirus/2019-ncov/about/transmission.html

It's kind of a good way to prevent it, but without any major cleanups around the countries involved, it'd only be a temporary stop-gap or something similar. It'd still spread, but probably not through the banknotes released by them. Plus, the banknotes are in a sense, just paper. They can just reprint it, they are the banks after all. And it won't affect their economy whatsoever because the replaced banknotes were burned, so it couldn't be used anymore.

[abhiseshakana]

In contrast to Vietnam, which is considered to have successfully stemmed the spread of the coronavirus in the country. The South Korean government is a country that has failed to stem the spread of corona and even its government is considered too slow to respond to this outbreak. Even the news that was highlighted was when the first death of Corona victims in South Korea and a doubling of Corona sufferers in South Korea, the Korean president was having a party with celebrities.

The failure of the government to deal with the spread of the corona outbreak led the community to sign the South Korea president's impeachment petition due to poor handling of public health disasters.

Regarding the burning of banknotes to erase traces of the coronavirus, I am a little doubtful, why only in part and what are the criteria for the money being burned? So I think burning money is based more on other factors, not because of the coronavirus. From the news above the heating process is a routine standard for every money that enters the central bank of Korea, while the additional treatment is to quarantine the money for two weeks assuming the coronavirus attached to the money will dead for nine days.

Without further debating that cash is one of the media for the transmission of the coronavirus, the Korean government should make regulations to conduct non-cash transactions to avoid spreading the virus through physical money.

[hugeblack]

I think that these articles greatly exaggerate the ability of this virus to adapt. I have read in many recent scientific articles that the virus is weak for material circles in the sense that it dies after a short period of contact with surfaces and thus the way the virus is transmitted through contact or paper money is considered small.

The action taken by the Central Bank is only a precaution and one of the measures that is taken to try to reduce the number of injuries and avoid infection.

[plvbob0070]

In contrast to Vietnam, which is considered to have successfully stemmed the spread of the coronavirus in the country. The South Korean government is a country that has failed to stem the spread of corona and even its government is considered too slow to respond to this outbreak. Even the news that was highlighted was when the first death of Corona victims in South Korea and a doubling of Corona sufferers in South Korea, the Korean president was having a party with celebrities.

Even some citizens here in my country have been pointing the poor actions of the president regarding the virus. But I don't know if it should the president to be blame about everything because it's really hard for East Asian countries like Korea and Japan to prevent it since they are close to China. But it saddens me how rapid it spread in Korea. I have just recently saw a Korean article saying that there are now 7,041 case of COVID-19 in Korea with 47 deaths.

Source:

Code:

https://mobile.twitter.com/OH_mes2/status/1236202415075909632

I think that these articles greatly exaggerate the ability of this virus to adapt. I have read in many recent scientific articles that the virus is weak for material circles in the sense that it dies after a short period of contact with surfaces and thus the way the virus is transmitted through contact or paper money is considered small.

The action taken by the Central Bank is only a precaution and one of the measures that is taken to try to reduce the number of injuries and avoid infection.

I'm aware that through money it does not mean that the virus will spread. The virus spread through close contact but since South Korea is trying to prevent more cases and going through extra precaution as what I have also stated, it's just a way to lessen the possibility of spreading the virus. It's like a part of their actions to ensure the cleanliness of the surrounding. Even some places, they tried to clean it for safety so does disinfecting paper money since hundreds of people can hold one single paper money.

[Assface16678]

I think that these articles greatly exaggerate the ability of this virus to adapt. I have read in many recent scientific articles that the virus is weak for material circles in the sense that it dies after a short period of contact with surfaces and thus the way the virus is transmitted through contact or paper money is considered small.

The action taken by the Central Bank is only a precaution and one of the measures that is taken to try to reduce the number of injuries and avoid infection.

The country of South Korea today are making a lot of changes to their rules because of the virus spreading right now all over the world that was a good choice that they are now going to burn their money to stop spreading the virus because it is airborne that anyone touches those infected object or things and you will touch your face, mouth or nose. Also, they want to avoid the spreading of this virus. It is the time now for the real use of cryptocurrency or the bitcoin because it is faster to transact and also there is no contact included for both parties of the sender and receiver by that we can now freely pay all the things we need without any interaction to other people.

[Yatsan]

The SK must be quite desperate that they'd take any steps to ensure that the possibility of the virus spreading would be reduced, even if the chances of it reducing are low. Not to blame them though, as one of the countries that border around China, they'd be one of the countries who would most likely be hit by the impacts of the virus and the mass migration of the Chinese residents who COULD have been infected.

A step, but temporary nonetheless. The money they cleaned would or could possibly be infected one day. I don't really know how strong the attachment of the virus is towards objects once it leaves the body of the person, but since they are taking precautions about it, it must be possible, even if it has low chances.

[davis196]

If this measure really helps for stopping the coronavirus spearing,then other countries like China and Italy should do it as well.
Burning paper money isn't a big loss for the fiat money supply.Printing and production of new paper money is really cheap.People should be told to touch paper money with gloves and everything will be fine.
I wonder why there are still people in this forum,who are so over-hyped that the coronavirus will destroy the fiat economy and make cryptocurrency prices go to the moon.This simply isn't happening right now.

[Twinkledoe]

If this measure really helps for stopping the coronavirus spearing,then other countries like China and Italy should do it as well.
Burning paper money isn't a big loss for the fiat money supply.Printing and production of new paper money is really cheap.People should be told to touch paper money with gloves and everything will be fine.
I wonder why there are still people in this forum,who are so over-hyped that the coronavirus will destroy the fiat economy and make cryptocurrency prices go to the moon.This simply isn't happening right now.

Maybe not burn, but rather quarantine and subject to high-heat laundering process as mentioned from the OP. Though printing would really be a good alternative if that process would take so much resources. Better replace it with new ones, at least you know for sure that it is not affected by the virus. Since South Korea is on the top countries with high number of deaths, the reason of burning especially coming from the hard-hit areas of Daegu and Gyeongsan cities is very reasonable.

[elisabetheva]

it's sad that knowing that there is a renewable outbreak, namely corona, hopefully this outbreak can be handled by every country affected and assisted by the world health agency so that it can pass and be resolved quickly so as not to infect more.

I agree with about that what is feared by South Korea that the impact other than human contact, it could be that the biggest impact is certainly the paper money used by the transaction. because it is very large that the transaction has changed hands all the time and we cannot know whether there might be someone who has been affected by the virus also spread through transactions with paper money.
the Korean government has taken the right action and hopefully this outbreak can be quickly handled.

[Broly46]

These people are very superstitious, they rather believe in shaman than religious scholar or educated scholar, let the idiots do whatever they want.

Superstitions what? Where exactly did the superstition come from? Anything the virus touch could normally become a possible source of infection, so them taking precautionary measures isn't anything wrong imo. Even if it may not be the main way of transmission, it is still completely possible. Just like how it is said in various articles, the virus could rest itself on armrests of airplanes and the like, so why can't money be a possible one?

https://www.aljazeera.com/news/2020/01/coronavirus-spread-protect-200130115539072.html
https://www.cdc.gov/coronavirus/2019-ncov/about/transmission.html

It's kind of a good way to prevent it, but without any major cleanups around the countries involved, it'd only be a temporary stop-gap or something similar. It'd still spread, but probably not through the banknotes released by them. Plus, the banknotes are in a sense, just paper. They can just reprint it, they are the banks after all. And it won't affect their economy whatsoever because the replaced banknotes were burned, so it couldn't be used anymore.

Superstitious people are panaroid, they’re exaggerating by burning paper money, being a civilised nation one should never easily resort into open burning, may be they’re not civilised as we thought, and it’s very gentle to called them superstitious, because they’re publicly announcing to burn the virus to dead, and the virus that barely kill a dozen of people, and mainly a FUD attempt to downplay some economy.

[Ucy]

Countries should probably consider the plastic notes too. People could always wash them when they get home.
I  wonder why the plastic ones are not that popular. Guess they are easy to counterfeit, right? Can't the makers attach things in the plastic notes to make them hard to counterfeit?

[igglyboo92]

Whats the point??? There is no evidence paper money can transmit the virus. It is person to person contact. Burning cash is a hysterical thing to do!! Everyone making mountains out of molehills about this Coronavirus stuff. The common flu will kill more people!!! People freak out just because there is no vaccine, thats all.

[Magkirap]

Whats the point??? There is no evidence paper money can transmit the virus. It is person to person contact. Burning cash is a hysterical thing to do!! Everyone making mountains out of molehills about this Coronavirus stuff. The common flu will kill more people!!! People freak out just because there is no vaccine, thats all.

Because they think that the virus will be in the paper bill for quite some time and a person who has the virus but still doesn't knew about it can cobtaminate the paper and pass it to other people but even if the virus really gets into the paper it will die quickly but to lessen the risk they have done that which i think is good enough but of course having it quarantined is better for they will not need to burn it but takes time to do, after all it is the South Korea's way of handling virus and i think it is good rather than have none.

[Ucy]

Whats the point??? There is no evidence paper money can transmit the virus. It is person to person contact. Burning cash is a hysterical thing to do!! Everyone making mountains out of molehills about this Coronavirus stuff. The common flu will kill more people!!! People freak out just because there is no vaccine, thats all.

Some may accuse you of things you didn't even think about... so it just better to let governments/people do what they believe is safe for them...I honestly hope it works
You tell friends the right way to minimize the issue, they call you a bigots or starts playing some childish trolling games on you.

[coolcoinz]

I think that these articles greatly exaggerate the ability of this virus to adapt. I have read in many recent scientific articles that the virus is weak for material circles in the sense that it dies after a short period of contact with surfaces and thus the way the virus is transmitted through contact or paper money is considered small.

The action taken by the Central Bank is only a precaution and one of the measures that is taken to try to reduce the number of injuries and avoid infection.

The virus cannot survive even for a day on paper money. Birning it is an overkill.

I believe this is one of the attempts to curb the flow of cash and paint a certain picture in people's minds: "cash is dangerous, it can be used for money laundering, drug and terrorist operations, allows people to avoid taxes and is dirty. You can even get sick from using it! Use your credit card instead!"
News coming from Australia, where soon people will not be able to do cash transactions over 10k AUD, seem to confirm what the world banking is going for: a cashless society where every transaction is signed with your personal ID.

[Wexnident]

Superstitious people are panaroid, they’re exaggerating by burning paper money, being a civilised nation one should never easily resort into open burning, may be they’re not civilised as we thought, and it’s very gentle to called them superstitious, because they’re publicly announcing to burn the virus to dead, and the virus that barely kill a dozen of people, and mainly a FUD attempt to downplay some economy.

I have no idea why you would consider burning to remove any traces of the virus as superstitious. They literally stated it in their report. Additionally, they did not burn all of it, but some of it. They quarantined the others and let it go undertreatment via ultraviolet or heat treatments. They're doing this officially and scientifically as they can. I have no idea why burning cash = superstitious when it comes out of your mind.

Whats the point??? There is no evidence paper money can transmit the virus. It is person to person contact. Burning cash is a hysterical thing to do!! Everyone making mountains out of molehills about this Coronavirus stuff. The common flu will kill more people!!! People freak out just because there is no vaccine, thats all.

And there's also no evidence that it can't transfer it through paper money. Rather than letting it become a risk because of ignorance that they chose, wouldn't they choose the safest option? Lives are at stake here and I hardly understand why they would opt to choose the choice that could potentially increase the number of victims their country already has.

[Gozie51]

My concern now here on OP's post is the burning of cash. I guess maybe that is because of affected people who earlier made contact with the cash. But the question is, is it the only thing that contact was made of? How were they able to know the particular cash that contact was made of. I really think burning of cash isn't a way forward if the virus don't survive long outside its environment.

[The Sceptical Chymist]

Paper money is one of the things we are always holding and it is also one of the things that has a lot of bacteria because money is being passed from one person to another.

This is true (even though corona virus isn't bacterial) and S. Korea is probably doing the right thing with this move, although it could just be for the optics.  People probably should be avoiding bank notes and coins for the time being and just use plastic of their smartphones.

Anyway, even with over 6000 cases of corona virus infection, that's still a pretty low rate.  The mortality rate is likely well below that, too.  Anybody know how many people died in S. Korea as a result of coronavirus?  I don't know where to get that data from, but I'd be interested to know.  I still think this situation is being blown out of proportion by the media--I'm not saying it's not a serious issue, just that corona virus doesn't seem to be any deadlier than seasonal flu, and it looks like it's killing the same at-risk population (very young, very old, and those with compromised immune systems).

[Broly46]

Superstitious people are panaroid, they’re exaggerating by burning paper money, being a civilised nation one should never easily resort into open burning, may be they’re not civilised as we thought, and it’s very gentle to called them superstitious, because they’re publicly announcing to burn the virus to dead, and the virus that barely kill a dozen of people, and mainly a FUD attempt to downplay some economy.

I have no idea why you would consider burning to remove any traces of the virus as superstitious. They literally stated it in their report. Additionally, they did not burn all of it, but some of it. They quarantined the others and let it go undertreatment via ultraviolet or heat treatments. They're doing this officially and scientifically as they can. I have no idea why burning cash = superstitious when it comes out of your mind.

Whats the point??? There is no evidence paper money can transmit the virus. It is person to person contact. Burning cash is a hysterical thing to do!! Everyone making mountains out of molehills about this Coronavirus stuff. The common flu will kill more people!!! People freak out just because there is no vaccine, thats all.

And there's also no evidence that it can't transfer it through paper money. Rather than letting it become a risk because of ignorance that they chose, wouldn't they choose the safest option? Lives are at stake here and I hardly understand why they would opt to choose the choice that could potentially increase the number of victims their country already has.

When the title purposely highlight burn the cash, you didn’t really expect people to not make any remark on their decision making ability, I think it’s intentionally trying to pull attention by quarantine and further burn it, of course we should just ignore attention seeking sensational article which trying to include click bait and catchphrase.