Monetary sovereignty, privacy, cash replacement, the European Central Bank’s digital euro project raises many questions. The legal framework for the future digital euro, also known as the Central Bank Digital Currency (CBDC) is a dematerialised version of the single currency, was unveiled on Wednesday 28th June 2023 by the European Commission. The project is not yet precise […]
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MONEY: A drop in withdrawals from cash dispensers has been observed. What are the reasons for this decline? Will they disappear? On the 6th June 2023, Panorabanques published the results of its study on French banking practices and the results raise questions. Indeed, a drop in withdrawals from cash dispensers has been observed. What are the […]
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Since last year, the “cash back” allows a customer using his bank card in a business, to be paid in cash. This implies certain conditions. The “cash back” you know? This system allows customers to obtain cash when paying in credit card at a merchant. For example, your full shopping costs 20 euros, you pay 50 euros by […]
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Bank cash distributors are prime targets of vandals. Many were vandalized in Rennes. Hard to withdraw money! “I have clients who came to me and asked me if they could make me a credit card to give them cash” is a question often asked to shop owners in the town centre of Rennes. A request they refuse, […]
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Tuesday evening, people who were asking for 20 euros, received 40 euros. Until the police intervened to end the “jackpot” … Jackpot. On Tuesday, around 11.30pm, there was still a long queue in front of the cash machine of a branch of the Victor Hugo Street in Montpellier (Hérault), near the Place de la Comédie, […]
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The aim is to fight against financial fraud and tax evasion … Cash payments in excess of € 1,000 will be banned from 1 September, according to a decree published today, Saturday in the Official Journal (OJ). Until now, consumers could pay for their purchases in cash or by means of electronic money up to 3,000 […]
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ECONOMY: This is the most common method of payment … To pay, the French prefer cash Despite the development and widespread acceptance in the shops of contactless payment, supposed to revolutionize the way of payment, cash remains one of the preferred transaction methods of the French, according to an Ifop poll for the CIT company Brink’s […]
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