EU state wants to enshrine ‘right to cash’ in constitution ...News

Russia Today - Economy
EU state wants to enshrine ‘right to cash’ in constitution
source : Russia Today ( News ) () 31
Austria has been lagging behind other European countries on digital payments Austrian Chancellor Karl Nehammer has proposed that the country enshrine the use of cash in its constitution, to ease fears that a citizen’s right to use paper money and coins will disappear. According to a three-point plan issued on Thursday, the right to cash would be protected in the constitution, while the national bank would be obliged to provide the necessary cash flow. The plan would oblige the country’s bankers to locate outlets at a reasonable proximity to citizens, as payments using cash must be possible. “More and more people a

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