The World Health Organisation has warned that banknotes could aid the transmission of the infectious disease.
The United Nations body urged people to rather go cashless when making purchases.
In the event where they handle money, people should make it a regular habit to wash their hands immediately, the global health body added.
The WHO warned that coronavirus could be on the surface of banknotes for several days, hence the need for people to refrain from using money for transactions as much as possible.
The Telegraph quoted a WHO spokesman as saying, “To stop the spread of the disease, people should use contactless payments where possible and wash their hands after handling cash.
“We know that money changes hands frequently and can pick up all sorts of bacteria and viruses.
“We would advise people to wash their hands after handling banknotes, and avoid touching their face.
“When possible, it would also be advisable to use contactless payments to reduce the risk of transmission,” WHO said.
The report further states that the Bank of England also recognised that banknotes “can carry bacteria or viruses” and therefore encouraged frequent hand washing.