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Federal Reserve to Quarantine Dollars from Asia on Covid-19 Transmission Concerns

By Tyler Durden | 6 March 2020

ZERO HEDGE — Following reports that Beijing had “quarantined” dirty cash, the Federal Reserve is now doing the same out of fear that dollars in circulation from Asia could contain Covid-19, reported Reuters.

A Fed spokesperson told Reuters on Friday that “quarantining physical dollars that it repatriates from Asia before recirculating them in the US financial system” has begun. The new “precautionary measure” is to limit the transmission of the virus in the US.

The spokesperson said the Fed regional bank system, with 12 total branches across the country, will help manage money supply coming from Asia and quarantine dollars for upwards of ten days before recirculation. […]

1 Comment on Federal Reserve to Quarantine Dollars from Asia on Covid-19 Transmission Concerns

  1. Am I the only one who laughed at how ridiculous that headline is ? Like we ship container loads of cash on pallets back and forth . . . oh wait, isn’t that what they told us Obama did with Iran ? It’s hard to take these MSM types seriously. But at least they’re entertaining.

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