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Coronavirus: US Quarantines Dollar Bills From China

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Coronavirus: US Quarantines Dollar Bills From China

Folawemi Durosomo

The Federal Reserve has decided to take an extra caution on dollars coming into the United States from China, due to the global spread of coronavirus.

A Federal Spokeswoman of The United States on Friday confirmed new procedures for incoming cash from China and other parts of Asia.

She stated that the new procedures provide a longer holding period for incoming physical cash which will be between seven and ten day before processing and redistributing to financial institution.

She urged citizens not to panic as federal banks will make available enough cash for circulation before the release of the quarantined money.

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