The People s Bank of China PBoC will conduct a comprehensive survey of RMB cash rejections in the

Mondo Finance Updated on 2024-01-31

Beijing Business Daily News (Reporter Yue Pinyu Dong Hanxuan) On December 29, the People's Bank of China held a briefing on the special rectification work of refusing to accept RMB cash. Zhang Meng, deputy director of the Currency, Gold and Silver Bureau of the People's Bank of China, pointed out that in the next four months, the People's Bank of China will concentrate on the special rectification of cash refusal.

First of all, we should solidly promote a comprehensive survey. Organize commercial banks to rely on the grid working mechanism to thoroughly investigate whether the business entities involved in people's livelihood scenarios and foreign-related scenarios have the conditions for cash receipt and payment, and whether there are situations that they are unwilling to collect, and the branches of the People's Bank of China will conduct unannounced spot checks on the relevant situations to ensure that the relevant work is implemented in detail. Scenarios related to people's livelihood mainly include basic public services, administrative fees, transportation, large and medium-sized businesses, parks and scenic spots, and small and micro economies, while foreign-related scenarios mainly include mobile communications, catering and accommodation, and public transportation. Second, continue to promote publicity and guidance. Through multi-level and wide-coverage publicity, promote the public's understanding of the norms of receipt and payment in different scenarios, and continuously consolidate the consensus on the illegal refusal of cash. Third, further investigation and punishment should be carried out. Verify the clues one by one, and impose penalties and publicize the refusal to accept cash with a high degree of public concern and a large scope of influence, so as to give full play to the warning effect.

Zhang Meng said that if the public encounters the refusal to accept cash, they can clearly inform the other party that their behavior is illegal, keep relevant ** and audio evidence, and complain and report to the local branch of the People's Bank of China. The People's Bank of China will, in accordance with the relevant laws and law enforcement procedures, verify the facts, and give criticism, education, warnings, and fines depending on the nature of the acts, the severity of the circumstances, and the scope of their impact.

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