China trying all measures to stop spread of Coronavirus
By MYBRANDBOOK
China, from where Coronavirus took birth is now trying all the measures to stop the spread of coronavirus. In a bid to stop the spread of deadly coronavirus (Covid-19) China has started disinfecting and isolating used banknotes. The move comes a day after people returning to the capital from holidays were ordered to quarantine themselves for 14 days.
The World Health Organization has said that Covid-19 can be spread through contaminated objects in addition to droplets and direct contact with infected patients.
At a press conference, China’s central bank said that banks use ultraviolet light or high temperatures to disinfect Yuan bills, then seal and store the cash for seven to 14 days – depending on the severity of the outbreak in a particular region – before recirculating the notes.
The alarming situation in the country has triggered a rush to disinfect public places and minimise contact between people.
Pharmacies across the country sold out of disinfectants and surgical masks in days after a lockdown was announced in late January in Wuhan, where the Covid-19 illness is believed to have emerged.
Office buildings have installed packets of tissue in elevators that tenants are encouraged to use when pressing buttons, while ride-hailing company Didi exhorts drivers to disinfect their cars daily.
Fan Yifei, the deputy governor of China’s central bank, said on that banks had been urged to provide new banknotes to customers whenever possible.
The central bank made an “emergency issuance” of 4 billion Yuan in new notes to Hubei province, the centre of the outbreak, before the recent Lunar New Year holiday, Fan added.
The measures are intended to “secure the public’s safety and health when using cash”, Fan said.
But it is unclear how wide an impact the central bank’s disinfection work will have, with increasing numbers of Chinese people preferring mobile payments over cash in recent years.
In 2017, nearly three-quarters of Chinese respondents told an Ipsos survey they could survive a whole month without using more than 100 Yuan in cash.
World Health Organisation’s Chief, Tedros Adhanom Ghebreyesus said that a WHO-led joint mission with China will start its outbreak investigation work this weekend, focusing on how the new coronavirus is spreading and its severity.
Singapore to remove One-Time Passwords from Bank Accounts
According to the Monetary Authority of Singapore, clients who utilise secur...
Is 375 million Airtel subscribers database breached?
When a hacker claims to have accessed and put up for sale a customer databa...
The government of India intends to construct a single portal f
A single portal will be launched by the Indian government to list all of it...
OpenAI offers GPT-4o, a faster model available to all users at
GPT-4o, a faster and more sophisticated AI model, is made available to all...
Icons Of India : Kumar Mangalam Birla
Aditya Birla Group chairman Kumar Mangalam Birla recently made a comeb...
ICONS OF INDIA : RITESH AGARWAL
Ritesh Agarwal is an Indian billionaire entrepreneur and the founder a...
Icons Of India : Anil Agarwal
Anil Agarwal, the Founder and Chairman of Vedanta Resources Ltd., is r...
C-DOT - Center of Development of Telematics
India’s premier research and development center focused on telecommu...
IREDA - Indian Renewable Energy Development Agency Limited
IREDA is a specialized financial institution in India that facilitates...
EESL - Energy Efficiency Services Limited
EESL is uniquely positioned in India’s energy sector to address ener...
Indian Tech Talent Excelling The Tech World - NEAL MOHAN, CEO - Youtube
Neal Mohan, the CEO of YouTube, has a bold vision for the platform’s...
Indian Tech Talent Excelling The Tech World - Satya Nadella, Chairman & CEO- Microsoft
Satya Nadella, the Chairman and CEO of Microsoft, recently emphasized ...
Indian Tech Talent Excelling The Tech World - Vinod Dham, Founder & Executive Managing Partner, IndoUS Venture Partners
Vinod Dham, known as the “Father of the Pentium Chip,” has left an...