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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.

Updated Sep 14, 2021, 8:21 a.m. Published Mar 20, 2020, 8:25 p.m.
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)
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)