The Bank of Spain suspends the manufacture of banknotes until March 27
The measure was taken after many companies advised their clients to avoid handling bills and coins
The Bank of Spain reported through its subsidiary Imbiza that it will stop the manufacture of new banknotes until March 27 due to the state of alarm decreed by the government, which leads to the stoppage of industrial activities of the Royal Mint and Stamp.
The prevention was announced through a press release, where the lender explains that “All personnel not directly linked to production, who are already in teleworking situation or start to do so from Monday 16, will continue to provide their services from their home until they can rejoin the workplace and provide their services in person.”
Although the agency rules out the possibility that Covid-19 has spread in Europe through the circulation of banknotes, the Eurosystem conducts periodic research on the possible impact that the handling of paper money can have on public health, including in relation to the current situation in the country.
However, the Central Bank of Spain points out that the basic protection measures against the virus must be applied in strict compliance with the provisions of the World Health Organization (WHO), essentially prioritizing hygiene measures.
The measure was taken after many companies advised their clients to avoid handling bills and coins and even rejecting payment if it is not done through a card.