Germy Money From Overseas
A 2014 study by researchers at New York University identified 3,000 types of bacteria on dollar bills due to how widely and frequently they change hands.
Ewwwwww gross, NASTY!
(if you want to read more about that study: https://www.cbsnews.com/news/dirty-money-your-cash-is-home-to-thousands-of-bacteria/)
So........ in today's news, we have this:
The U.S. Federal Reserve has begun quarantining physical dollars that it repatriates from Asia before recirculating them in the U.S. financial system as a precautionary measure against spreading the virus, a Fed spokesperson told Reuters.
She said regional Fed banks that help manage the money supply will set aside shipments of dollars from Asia for seven to 10 days before processing and redistributing them to financial institutions. The policy, first reported by Reuters, was implemented on Feb. 21, the official said.
As the global reserve currency, U.S. dollars are the most widely distributed notes in the world with around $1.75 trillion worth of cash in circulation globally, according to the Fed. Much that is circulated overseas, particularly in Asia where the dollar is often stronger than local currencies.
The U.S. central bank has not gone as far as its counterparts in China and Korea, which have ordered local currency notes to be disinfected with ultraviolet light or destroyed altogether. But Fed officials are in regular contact with the CDC and State Department regarding the spread of the virus and are prepared to add other regions to its quarantine list, the spokesperson said.
(https://www.reuters.com/article/us-health-coronavirus-fed-dollars/fed-quarantines-us-dollars-repatriated-from-asia-on-coronavirus-caution-idUSKBN20T1YT)
Can you imagine how bad this could be **IF** corona can survive on bills? **IF** those contaminated bills touch non-contaminated bills and **IF** those bills get spread out all across the USA?
Germs, germs, germs, germs! Keep in mind 2 things: (1) people can hold/store $$ on their bodies pretty much anywhere (2) a significant number of people don't believe in regular hand-washing.
NASTY!
Grace & Peace & Love to you all -
Matt
Ewwwwww gross, NASTY!
(if you want to read more about that study: https://www.cbsnews.com/news/dirty-money-your-cash-is-home-to-thousands-of-bacteria/)
So........ in today's news, we have this:
The U.S. Federal Reserve has begun quarantining physical dollars that it repatriates from Asia before recirculating them in the U.S. financial system as a precautionary measure against spreading the virus, a Fed spokesperson told Reuters.
She said regional Fed banks that help manage the money supply will set aside shipments of dollars from Asia for seven to 10 days before processing and redistributing them to financial institutions. The policy, first reported by Reuters, was implemented on Feb. 21, the official said.
As the global reserve currency, U.S. dollars are the most widely distributed notes in the world with around $1.75 trillion worth of cash in circulation globally, according to the Fed. Much that is circulated overseas, particularly in Asia where the dollar is often stronger than local currencies.
The U.S. central bank has not gone as far as its counterparts in China and Korea, which have ordered local currency notes to be disinfected with ultraviolet light or destroyed altogether. But Fed officials are in regular contact with the CDC and State Department regarding the spread of the virus and are prepared to add other regions to its quarantine list, the spokesperson said.
(https://www.reuters.com/article/us-health-coronavirus-fed-dollars/fed-quarantines-us-dollars-repatriated-from-asia-on-coronavirus-caution-idUSKBN20T1YT)
Can you imagine how bad this could be **IF** corona can survive on bills? **IF** those contaminated bills touch non-contaminated bills and **IF** those bills get spread out all across the USA?
Germs, germs, germs, germs! Keep in mind 2 things: (1) people can hold/store $$ on their bodies pretty much anywhere (2) a significant number of people don't believe in regular hand-washing.
NASTY!
Grace & Peace & Love to you all -
Matt
