The Central Bank of China of the Guangzhou branch will destroy all the banknotes collected from wet markets, hospitals, and buses to ensure the containment of the coronavirus outbreak. All the notes from the coronavirus infected areas will be destroyed. The Commercial banks in these areas are required to collect the notes, disinfect them, and more

The People’s Bank of China has assured the new yuan bills and coins to come into circulation on August 30th, will not lead to inflation. The new tender is the fifth in a series of the Yuan. People can swap the old notes for new ones, and it will not increase the amount of cash more