South Korea quarantines and burn their cash due to Coronavirus

[pixie85]

Another stupid idea that only increases the panic and wastes money.

If cash is supposed to contract viruses then sick people should burn all their clothes, their cars and other things they touched. Why nobody is recommending burning tissues and masks after use but they want to burn cash?

[plvbob0070]

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).

Based on a Korean article, the recent number of cases I know is that there are 7,313 cases of Corona virus and 50 deaths. But the thing is, there's also cases were patients have recovered and been discharged. There's a 130 patients for that.

Code:

https://twitter.com/OH_mes2/status/1236582004679782401

South Korea is one of the countries with a high number of cases of Coronavirus or COVID-19 with 6,248 infected cases.

I have just recently saw a Korean article saying that there are now 7,041 case of COVID-19 in Korea with 47 deaths.

The number of cases is rapidly increasing. As you can see when I posted this topic, it was just 6,248 cases then it increases to 7,041. But now, after checking the news, the total cases are now 7,313.

[gentlemand]

One of life's great pleasures is going to one of those Coinstar machines and feeding in vast amounts of coins. I can't think of much that's more satisfying.

However the most striking thing about the process is the colour of your hand after sifting through all of those coins. You finish up with a thick layer of grey grime. That often makes me wonder.

This seems like a perfectly sensible move to me. However it does nothing to stop spreadage once it's out of their control.

If cash is supposed to contract viruses then sick people should burn all their clothes, their cars and other things they touched. Why nobody is recommending burning tissues and masks after use but they want to burn cash?

There's nothing else in daily life that people handle on a near constant basis that has been handled by countless other unknowns. And they're heating cash, not burning it.

[Xampeuu]

indeed according to the news which is the fastest spreading media, because it changes hands quickly to various people. if so, it is also useful to transact using crypto, because it can reduce direct contact with others, so that it can inhibit the development of the corona virus, besides that it seems the government is also closing 2 cities in south korea, to suppress the spread of the virus

[imstillthebest]

thats a one wierd news i just read there  . burning money really ? damn  .  im against with it because money is hard to find and they are only burning it , why cant they just give it to the poor  .   they are only over acting  imo   . 

not only money but all things can be a carrier of bacteria  ( only ) but will be easily worned off once we wash our hands properly  . the real one that is risky is when you face to face with people and talk to them without wearing a masks  . that is the best way for the virus to penetrate inside our body   .

[alicecrowl966]

I dont think that this can be a good news for a crypto

[tvplus006]

...
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.

This will be another reason for countries to switch to the national digital currency. Paper money has always been and remains a carrier of various infections. And now, after the coronavirus outbreak , this is becoming relevant again. But South Korea and other countries do not yet have a ready solution to this problem.

[Linkkoin]

This will be another reason for countries to switch to the national digital currency. Paper money has always been and remains a carrier of various infections. And now, after the coronavirus outbreak , this is becoming relevant again. But South Korea and other countries do not yet have a ready solution to this problem.

Unless you intentionally use marked banknotes, transactions in banknotes are hardly traceable - this is why most of the money laundering and crime-related activities are using banknotes, not cryptocurrencies as a narration of some mass media claim. And wiping out banknotes and coins is, on one hand, eliminating this money laundering potential, but as well can easily become the most efficient way of invigilation of yours (or even enforcing changes for your life - authorities could require you to pay higher health insurance because in last year you have visited fastfood restaurant 40 times, while nation median was 8 - and as we know, fastfood can be unhealthy for many of us).

[FanatMonet]

As for me, these are too drastic measures. To begin with, it would be necessary to treat them with ultraviolet and ozone, and check whether the coronavirus survives after such treatment. If survives, then only the burning of all infected banknotes.

[coinfinger]

This is a temporary situation that will probably pass away soon because the hot summers are coming anyway and the virus will not be able to live long with this weather so they have to only wait a bit longer and wait for it to end, I am sure in 2 months there will be almost no cases. Plus lets be honest banknotes are not a big part of society anymore, it is still something but it is not a big deal as much as it used to be.

We all keep our money in our banks and we have debit cards and bank apps on our phones and many other stuff like that which means we do not use that much cash anymore. I swear to god I use probably %10 of all my money in cash and rest %90 would be usually either payment from my app or payment with my debit card and that has been for couple of years now.

[criza]

This is a temporary situation that will probably pass away soon because the hot summers are coming anyway and the virus will not be able to live long with this weather so they have to only wait a bit longer and wait for it to end, I am sure in 2 months there will be almost no cases. Plus lets be honest banknotes are not a big part of society anymore, it is still something but it is not a big deal as much as it used to be.

We all keep our money in our banks and we have debit cards and bank apps on our phones and many other stuff like that which means we do not use that much cash anymore. I swear to god I use probably %10 of all my money in cash and rest %90 would be usually either payment from my app or payment with my debit card and that has been for couple of years now.

It could be the case but, what about the traditional markets around the globe that are still using cash in the first place. South Korea should not have been quarantining cash if it does not have use anymore. Like in our country, cash is still used by a lot of people especially in the rural hometown wherein physical currency is still widely used for various transactions.

I could say that cash still have its unique uses especially in my place that makes it still usable and popular.

[plast555]

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).

You can find the latest data about the coronavirus from the official report released by the UNO,

https://www.who.int/docs/default-source/coronaviruse/situation-reports/20200306-sitrep-46-covid-19.pdf?sfvrsn=96b04adf_2

I don't know how effective will it be to the S.Korea by burning the notes to control the virus but it is the second-largest affected country after China with more than 6k plus positive peoples

[Yatsan]

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 internet did it! I did a research on the Corona virus 2019 and found out that this is a weak virus but can be spread easily. The World Health Organization declares a 3.4% death out of all confirmed cases globally which is normally low compare to other virus that we have dealt in the past, although we are still on its early stages. The contact for paper money might be small but is possible, the virus can stay long in a surface like money or tables that is why it is advisable to wear a mask.

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.

Well I find it a very smart move for the Central Bank to lessen the potential spread of the virus through money as it is basically the handful stuff.

[Twentyonepaylots]

As for me, these are too drastic measures. To begin with, it would be necessary to treat them with ultraviolet and ozone, and check whether the coronavirus survives after such treatment. If survives, then only the burning of all infected banknotes.

It will be easier for them to burn the bank notes and create one than scanning it one by one with UV. They are considering to burn the bank notes from their local banks for pre-emptive measure securing the mass. Money is just a regulated paper with a value, it does not contain any value at all. It would be a lot harder if their are using commodity money.  I guess we should start on not only wearing a face mask but also a hand gloves. better to be safe than sorry.

[sunsilk]

I've heard that China is doing the same to avoid further infection, they are burning cash if they think that it's already been affected. At least South Korea and all the country are doing their best to fight the spread of Covid-19.

WHO has already gave a statement that we should focus and take this virus very serious. What I like in the said article is that the virus can die which means there will really be a solution coming.

[Innocant]

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.

Their are times that the virus would be in a cash or any things that the virus could be in touch, And so that's why they want to burn it.
Actually it depends on them if they want to burn it. So must better to be aware on it because of this many people have cases of a Coronavirus on that country.

[tbterryboy]

Seriously not a big deal if you ask me as long as they wash it but burning? Really? Why would you feel the need to burn it? I mean we are talking about burning paper money just so it doesn't spread virus around to people. You can literally wash it on high heat and/or you can literally reprint it if you have it because you have the exact same technology and send it back to community as well.

On top of that you can burn as much as you want but that is not going to change the fact that there could be corona infected people out there who are touching money in circulation right now, so why would that stop now? They will continue with that, what will south Korea do? Burn ALL the cash in their nations? That is not a chance and they can't do that so it is futile attempt.

[Jating]

Seriously not a big deal if you ask me as long as they wash it but burning? Really? Why would you feel the need to burn it? I mean we are talking about burning paper money just so it doesn't spread virus around to people. You can literally wash it on high heat and/or you can literally reprint it if you have it because you have the exact same technology and send it back to community as well.

I guess the notion that paper money can spread the virus is one reason why they think that it is the right thing to do at this point as the spread is unstoppable.

On top of that you can burn as much as you want but that is not going to change the fact that there could be corona infected people out there who are touching money in circulation right now, so why would that stop now? They will continue with that, what will south Korea do? Burn ALL the cash in their nations? That is not a chance and they can't do that so it is futile attempt.

Of course, that is why they think that they can burn all their paper money and replace it with a new minted one. I really can't say though it this is going to be an effective method to minimised the spread of the virus.

[NavI_027]

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.

I think their fiat currency undergoing a form of disinfection is a good move but burning them is not. Don't get me wrong, I understand their reason of doing so but do you guys think it's necessary? Does so called high heat laundering process isn't effective in every single piece of paper money? I'm getting a little bit skeptical about that because the difference between old and new money is not so significant. I'm not an expert, just a curious reader out here .

I just hope this is not the only precautionary measures they do. Yeah! Money is dirty but there are still dirtier things to it such as door knobs/hand railings and public rest rooms. I hope they also make actions regarding this matter.

[lienfaye]

Its a good move for S. Korea government, this can prevent the virus for spreading further. I dont know if the virus can be transmitted through paper money but if it does then its a decision for the sake of their people. Here in our country the number of infected people are less than 50 but sadly each day its increasing thus the government are doing their best to stop it from spreading.

This is a temporary situation that will probably pass away soon because the hot summers are coming anyway and the virus will not be able to live long with this weather so they have to only wait a bit longer and wait for it to end, I am sure in 2 months there will be almost no cases.

Well yes but its been few months since this virus started last year and up to now its not yet under control and it became a global problem. It will surely pass but for now we have to follow what the government want us to do to protect ourselves.