In a bid to curtail the spread of the novel coronavirus, Saudi Arabia has announced through the Saudi Arabian Monetary Authority that all money, banknotes and coins, received from local and foreign sources would be quarantined for the period of 14-20 days.
According to Saudi Arabian Monetary Authority (SAMA), the precaution needs to be taken in order to curtail the spread of the deadly virus.
In a promotional video explaining the procedures, SAMA said: “We have taken precautionary measures to isolate and sterilise both paper and metal currencies, whether coming from inside or outside the Kingdom, by isolating them for a period of 14 days and up to 20 days, depending on where it has come from.
“Banknotes and coins will undergo a special treatment mechanism to ensure they are safe to use,” according to SAMA.
“Then they will be sorted by machines automatically in accordance with the authority’s stringent quality standards, with dirty or unfit notes destroyed immediately.”
SAMA further stated that the currencies would be placed in specific cages where sterilisation could be applied, in addition to sorting all banknotes to ensure their quality and cleanliness and that the same directive has been sent to financial institutions in the country, in a bid to curtail the spread of the virus through money.