Poland stands on the brink of a financial revolutionwhich can completely change the way we make payments. Scheduled restrictions on cash trading rise immense controversy and questions about the future of conventional payment methods. Is cash Will she be completely out of circulation? As many as 80% of Poles objects to specified a change. See what's behind these plans and what the consequences might have.
EU rules change the rules of the game
April 24, 2024, the European Parliament has adopted a package of government that introduces EU-wide cash payment limit. Maximum amountwhich can be paid in cash, EUR 10 000. Transactions over EUR 3 000 may require identity verification and notifications to the applicable authorities. Exception there are payments between individuals in a non-professional context.
Public response: Defence of cash
Investigations show that 80% of Poles opposes the full elimination of cash from circulation. The Polish Non-cash Foundation It has supported public sector institutions in digital improvement for over 7 years, but does not ignore the request to keep conventional forms of payment.
The future of cash in Poland: what awaits us?
The Polish Non-cash Foundation notes that since the beginning of its activity, the number of non-cash transactions in Poland has increased from 32% au over 65%. However, the organisation emphasises that cash continues to play an crucial function in society and the economy.
Cash simplification plans are part of a broader effort to digitise the economy and to increase control over monetary flows. However, social resistance and practical challenges the full elimination of cash makes the future of conventional payment methods questionable. Decisions taken at EU and national level will have a key impact on the form of the payment strategy in Poland in the coming years.
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Poland without cash until 2025? Controversies around plans to limit cash payments
