Money became the cause of Corona Virus !!

Pakistani Currency

Money became the cause of Corona Virus !!

With the rapidly spreading coronavirus pandemic, the entire world is taking drastic measures to curtail this instance. it has been found that the virus is spreading through objects that we use daily like currency notes. The folding money is often an alarming carrier for various viruses because of the constant change of hands between numerous people. Regarding this aspect, WHO’s spokesperson stated: “We know that cash changes hands frequently and should devour all types of bacteria and viruses..”. Coronavirus can survive on the surface of currency notes, therefore it's advised to avoid using tangible kinds of currency (cash, coins etcetera).


Global Precautions

The concern about the likelihood of contaminated currency notes has been shown by various countries affected by the pandemic. as an example, China has introduced practices like disinfection of cash through ultraviolet, high temperatures and quarantining it for fourteen days. almost like that, the U.S Federal Reserve System System System System has initiated quarantining dollars and has requested the Federal Reserve also as Treasury to form sure the safety of bank bills. Other countries including the U.K, Australia, and Canada have started using polymer notes to limit the spread of the virus through the medium of currency. All of these efforts by respective countries are appreciable as they're intended to attenuate the spread of the coronavirus.

Paper Currency Usage in Pakistan

Thousand currency Pakistan

The most prominent method of conducting transactions in Pakistan is known to be folding money. it's estimated that 80 per cent of all transactions are completed through usage of currency notes. In light of this situation, the depository financial organization of Pakistan has set in motion strict measures to prevent virus spreading through cash or paper-currency. SBP has encouraged utilizing Digital Payment Services and has also ordered banks to forgo transactional fees when using online fund transfer options. Another notable measure taken by SBP was to request banks for campaigning on all platforms to spread awareness of ADCs (Alternate Delivery Channels) to reduce the use of folding money .

Alternative methods to "tangible" currency

Since it's advised against the usage of folding money, people can take advantage of other sources and wallets to carry out daily transactions. within the present situation, digital payments and mobile wallets are to be used.

EasyPaisa, one of the foremost prominent mobile wallets, are often used to limit use of folding money . EasyPaisa ensures numerous Pakistanis to use various online options including mobile payments, bill payments, money transfers, ticket purchasing etc. , without involving any folding money . Similarly another significant mobile wallet JazzCash, also enables users to avail online bank deposits,bill payments and money transfers. Other digital services which can be utilized include PayMax, JSwallet and Keenu Wallet.

Let us all pledge to need every possible preventive step including limiting usage of paper-currency, to restraint the spread of dreadful corona virus.