The mfr of the Iodophor I use says “Typically the Iodine mixed into solution will gas back into the atmosphere in roughly 12-24 hours, turning back to clear water. In a completely air tight container, this shelf life is likely far greater, but it's pretty difficult to put an exact number on it for time. There are things you can look for in solution color (amber vs. clear) and using Iodine test strips as a guide.”
Personally, I mix a fresh solution in a small batch every time I have a brewery-related task, then discard and mix new when I'm doing something again. It's cheap enough per use to do this.
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