Sections

Fact checking: Banknotes and coronavirus





Amid the virus crisis, the Iranian health minister urged citizens to reduce their use of paper currency to avoid spreading the infection. In India, the government asked banks to dissuade customers from using banknotes, and to make greater use of card and digital payments. This has created some hysteria in relation to cash payments — but according to the experts, concerns are unfounded.

The coronavirus pandemic has created a lot of fear, confusion, and distortions of truth. Despite numerous stories to the contrary, experts and agencies from around the world have reiterated: handling cash is not what people should be worried about.

How does the virus actually spread?

While experts have said that COVID-19 is able to survive on certain surfaces for a matter of hours, they maintain that it is not the hazard it is being made out to be.

According to the World Health Organisation (WHO), the novel coronavirus, which causes the disease COVID-19, is primarily propagated through close person-to-person contact. Specifically, through droplets, produced when an infected person coughs or sneezes, being transmitted to another person’s mouth, nose, or eyes.

Read more

 



Go Further

Why cash is needed - 07/19/2020

1 2 3 4








The cashless society from an ethical point of view

The debate about the move towards a cashless society has been at the center of the scene for several years, now. Various angles have been taken by economists, politicians, banking institutions and sociologists. Beyond the technicalities of the debate, lies the question of freedom, of inter-citizen solidarity and of governmental responsibility. The debate cannot remain in the hands of financial specialists, it is first and foremost an ethical, political and societal issue.

The cashless society from an ethical point of view