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The Central Bank advised banks to limit the acceptance and issuance of cash

The Central Bank advised banks to limit the acceptance and issuance of cash
Photo: pixabay.com

The Bank of Russia has recommended that credit institutions take precautions when servicing customers in cash due to the coronavirus. Banks were asked to limit the issuance and acceptance of banknotes at ATMs if possible.

The Central Bank explained this by the fact that in ATMs operating in recirculation mode, a closed cycle of cash circulation - the reception of money from one client and their withdrawal goes without processing at the bank. Also, credit organizations were advised to withstand banknotes for 14 days to ensure guaranteed death of the virus before issuing cash or downloading to ATMs and terminals. 

The terminals themselves, ATMs are asked to be regularly disinfected. The Central Bank believes that such measures will minimize the spread of coronavirus infection when using cash.

Earlier, the World Health Organization reported that theoretically cash can be a channel for the transmission of viruses, since they remain active on paper for three to four days. Banknotes issued to credit organizations are kept at the Bank of Russia for at least 14 days from the date of receipt, so banks receive “clean” banknotes.

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