The right to use cash

  1. 16,045 Posts.
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    But what if the wheels really come off Optus next time instead of just having to put that spare on (It must be decades since I had to change a tyre), what if you can't pay electronically for some time and cash isn't recognised anymore. Well you probably couldn't get cash either, banks & cash.machines being.closed.

    If you're in Europe, sounds like the EU wouldn't care if you starved.

    "In other words, national member governments of the Euro Area do not have the right to protect cash’s status as legal tender. As such, the ECB (emphasis my own) “recommends that the provisions of Article 39a… of the Constitution guaranteeing the issuance of cash as legal tender and the right to make a payments in cash should either be deleted or, alternatively, amended to merely refer to the relevant provisions of Union law” — in other words, brought back in line with EU laws on legal tender."

    https://www.nakedcapitalism.com/2024/01/ecb-and-eu-commission-are-trying-to-prevent-austria-and-slovakia-from-enacting-constitutional-reforms-to-enshrine-right-to-use-cash.html


 
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