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Federal Reserve Bank of Philadelphia

The Fed doesn't think destroying bills is necessary to stop COVID-19, but it has infection-free bills waiting in the wings. (Image by Danny Nelson/CoinDesk)
Markets
Federal reserve
Fed Stands Ready to Replace Infected Greenbacks With Clean Bills
The Fed doesn’t plan to destroy banknotes as China did, but it has a stockpile of fresh greenbacks should it need to replace what’s in circulation.
The Fed doesn't think destroying bills is necessary to stop COVID-19, but it has infection-free bills waiting in the wings. (Image by Danny Nelson/CoinDesk)
By Danny Nelson
Mar 20, 2020 at 8:25 p.m. UTC
Mar 20, 2020
Federal ReserveCOVID-19Federal Reserve Bank of Philadelphia