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Samson » February 16th, 2020
China quarantines its money 14 days to stop the spread of "Corona"
19:44 - 02/15/2020
The Central Bank of China announced a decision to "cleanse" the circulated banknotes, by placing them in a "stone" to limit the spread of the Corona virus. "Banks use ultraviolet radiation or very high temperatures to sterilize banknotes, before isolating them for a period of 7 to 14 days," said Deputy Governor of the Central Bank of China, Fan Yifei.
He added: "We must maintain the safety and health of users of cash flow," referring to the suspension of financial transfers between Chinese provinces, stressing the possibility of returning the banknotes to circulation after the expiration of the "quarantine" period, which depends on the severity of the epidemic in the region concerned.
These measures come in parallel with the increasing hesitation of the Chinese to use the currency for fear of catching the infection, although most consumers have been using their smartphones to pay for their daily purchases for years. According to the World Health Organization, the virus mainly transmits through the respiratory system, by touching infected areas. LINK
China: We will help companies to resume production as soon as possible
16th February, 2020
Liang Tao, deputy governor of the People's Bank of China, said his country will help companies resume production as soon as possible
He pointed out that it will accelerate the provision of loans and credit to major investment projects, as well as support small and private companies that have been affected by the spread of the Corona virus
Meanwhile, Vice President of the China Foreign Exchange Regulatory Authority, Juan Changning, said that his country is expected to maintain a slight surplus in the current account balance LINK
Source: Dinar Recaps
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If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we'll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2020 Dinar Chronicles
Samson » February 16th, 2020
China quarantines its money 14 days to stop the spread of "Corona"
19:44 - 02/15/2020
The Central Bank of China announced a decision to "cleanse" the circulated banknotes, by placing them in a "stone" to limit the spread of the Corona virus. "Banks use ultraviolet radiation or very high temperatures to sterilize banknotes, before isolating them for a period of 7 to 14 days," said Deputy Governor of the Central Bank of China, Fan Yifei.
He added: "We must maintain the safety and health of users of cash flow," referring to the suspension of financial transfers between Chinese provinces, stressing the possibility of returning the banknotes to circulation after the expiration of the "quarantine" period, which depends on the severity of the epidemic in the region concerned.
These measures come in parallel with the increasing hesitation of the Chinese to use the currency for fear of catching the infection, although most consumers have been using their smartphones to pay for their daily purchases for years. According to the World Health Organization, the virus mainly transmits through the respiratory system, by touching infected areas. LINK
China: We will help companies to resume production as soon as possible
16th February, 2020
Liang Tao, deputy governor of the People's Bank of China, said his country will help companies resume production as soon as possible
He pointed out that it will accelerate the provision of loans and credit to major investment projects, as well as support small and private companies that have been affected by the spread of the Corona virus
Meanwhile, Vice President of the China Foreign Exchange Regulatory Authority, Juan Changning, said that his country is expected to maintain a slight surplus in the current account balance LINK
Source: Dinar Recaps
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we'll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2020 Dinar Chronicles
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