Some countries around the world have been disinfecting and quarantining bank notes.
The European Central Bank has said there is no significant risk associated with handling euro bank notes during the coronavirus outbreak, saying that laboratory studies have shown it lasts longer on other surfaces.
Some countries have taken precautions such as quarantining and in some cases burning cash to prevent the spread of coronavirus.
While contactless payments are encouraged where possible, cash is still widely used across Ireland and the eurozone during the Covid-19 pandemic.
The contactless limit has also been raised to €50 in Ireland.
In a blog post, Fabio Panetta, Member of the Executive Board of the ECB said it is working closely with top-tier European laboratories to assess the behaviour of coronaviruses on different surfaces.
Panetta said results had shown the virus found it much more difficult to be transferred from porous surfaces such as cotton banknotes than from smooth surfaces like plastic.
“Overall, banknotes do not represent a particularly significant risk of infection compared with other kinds of surface that people come into contact with in daily life,” he said.
“However, our cooperation with scientific laboratories will continue in the coming weeks to preserve public trust in the safety of banknotes.”
However, other countries have disinfected bank notes in a bid to curb the spread of coronavirus with China using ultraviolet light or high temperatures to disinfect yuan bills from affected regions.
South Korea also burned and quarantined cash as a precautionary measure, putting money through a high-heat “laundering” process before returning it to circulation.
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