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Author Topic: South Korea quarantines and burn their cash due to Coronavirus  (Read 558 times)
MCobian
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July 16, 2020, 09:24:30 PM
 #81

Bad idea carried out by the South Korean country by burning their cash due to Corona virus, it even makes it look more complicated.
In my opinion, the method is a bit excessive, there are still easier, simple and effective ways. Can be sprayed with disinfectant spray
for their cash, will kill all the bacteria in the cash. Much better than choosing to burn cash. Even though most Korean people the south
has high awareness, so the government shouldn't have to burn cash. It's enough to order the citizens of South Korea to spray it disinfectant
of all the money they have. Or the government directs its citizens to use more digital payments to conduct financial transactions. So it
can reduce the circulation of cash indirectly.

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July 16, 2020, 10:29:07 PM
 #82

It was really a serious matter for South Korea to make such a big move of burning some of their cash to somehow create a way to stop the virus because it is said that virus can be transferred by physical contact which includes passing of paper money. For some or many it would look a bad idea to burn money since base on what I know, paper money is a national property and it is illegal to burn out money unless it is an old design or those are fake or needed to be phase out. But since it is for their citizens safety, it is reasonable to do such act.

It just shows that the government have a really great concern on its people that it even sacrifices their paper money just to somehow lessen the spread of virus. But I think instead of doing that, there is still an alternative way like sanitizing your hands whenever you hold money which is a must thing to do because even without the virus, germs and bacteria are being carried out by paper money because it is being used and transferred from many hands of the public.

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July 17, 2020, 12:08:10 AM
 #83

It was really a serious matter for South Korea to make such a big move of burning some of their cash to somehow create a way to stop the virus because it is said that virus can be transferred by physical contact which includes passing of paper money. For some or many it would look a bad idea to burn money since base on what I know, paper money is a national property and it is illegal to burn out money unless it is an old design or those are fake or needed to be phase out. But since it is for their citizens safety, it is reasonable to do such act.

It just shows that the government have a really great concern on its people that it even sacrifices their paper money just to somehow lessen the spread of virus. But I think instead of doing that, there is still an alternative way like sanitizing your hands whenever you hold money which is a must thing to do because even without the virus, germs and bacteria are being carried out by paper money because it is being used and transferred from many hands of the public.
The government of South Korea is doing their job very well because they know that the virus can spread more through excessive cash flowing in their economy. I heard that most of the citizen of South Korea is now preferred to use digital payment system because they are aware that in this method, they can easily avoid another threat of the Covid 19. There are a lot of unique cases where they do not have close contact in any infected person but they got infected and many researchers have been identified that it is because of fiat money that been used by infected person.
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July 18, 2020, 05:33:43 AM
 #84

Maybe they think in that way it will reduce the number of infected cases in their country, and I think it helped. Because we all know that money is one of the dirtiest things and can be the carrier of the said or any viruses. They just showed that human life is still more important than anything else.


thats sick . are they too bright to think of that idea and they are the only one that think of it because others dont burned down thier fiats but they can be able to control the virus.  is south korea rich enough that they are only burning thier money ?  . its funny and proudful at the same time because they represent the saying that money is not important  . money is dirty because it circulates anywhere but like any other things money can be dis infected too with some of the know methods that i saw online. no need to burn it

It was really much better if the government is responsible for doing that. After a person deposits his money into the bank, then his savings should be in a digital form, so that the paper money can be burned without wasting it. You just waste the material but not the value of it.

In that case, they should engage in a more technological market where they will perform transactions using only digital money.

That should be their approach towards this Covid-19 pandemic, instead of paper money, they should allow the regulation of only digital money, so that cryptocurrency can be also promoted in their country.

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July 18, 2020, 02:59:08 PM
 #85

Money is the number one thing which susceptible to viruses and can pass to other people easily that's why maybe South Korea want to burn their money. But what happen to their economy and how they can make transaction or buy from the other country if they don't have fiat money anymore? I can't imagine a country without fiat money,if how they live and how they can get their necessities. Or everything will become free from their government. They are really rich country if ever.

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