Party Calls on Central Bank to Guarantee Cash Availability ({{commentsTotal}})

Business
Business

With some criticism of a commercial  bank for shutting down cash services in a western Estonian town, the IRL Parliamentary faction has submitted a bill that would make it the duty of the central bank to order banks to ensure that cash is available.    

"The right of the central bank to require banks to ensure availability of cash would motivate banks to create a shared ATM network that would do away with redundant and overlapping ATMs in cities. This would allow new ATMs to be opened in smaller towns where cash was not available," said IRL faction head Helir-Valdor Seeder.

"For instance, banks in Finland have created a common network of ATMs, thanks to which  there are ATMs even in thinly populated riural areas."

Swedbank's decision to pull cash services at its branch in Haapsalu, citing economic reasons, precipitated the controversy.



{{c.alias}}
{{c.createdMoment}}
{{c.body}}
{{cc.alias}}
{{cc.createdMoment}}
+{{cc.replyToName}} {{cc.body}}
No comments yet.
Logged in as {{user.alias}}. Log out
Login failed

Register user/reset password

Name needs to be fewer than 32 characters long
Comment needs to be fewer than 600 characters long
{{comment.captcha.word.answer}}

news.err.ee

Opinion
Independence Day: Estonia’s way into the future isn’t a race

There is a lack of connection between the Estonian state, and the people who live here. While it expects a lot of the state, Estonian society doesn’t seem ready to contribute, writes Viktor Trasberg.

Lotman: Security academy would be crucial Estonian identity point in Narva

In an opinion piece published by Eesti Päevaleht, Tallinn University professor Mihhail Lotman found it important to overcome the mental barrier separating Ida-Viru County from the rest of Estonia.