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. […]