ER Editor: Political desperation or something else? We recall the time that Austria was the most draconian with its citizens, or at least threatened to be, over vaccines and vaccine passes. A surprising and welcome change of tone.
Austria has lagged behind other European countries on digital payments, with people clinging to coins and bills, particularly for smaller, everyday items.
“In Austria alone, €47 billion is withdrawn from ATMs every year, and on average, every Austrian carries €102 in cash,” Nehammer said on the social media platform X, formerly known as Twitter.
He added that 67 percent of payments under €20 are paid for in cash in Austria.
Nehammer announced a three-point plan on Thursday, appointing Finance Minister Magnus Brunner to work on it.
Under the plan, the right to cash would be protected in the constitution, it must also be possible to pay with cash, and the national bank would be obliged to provide the necessary cash flow, with banks located at a reasonable proximity to citizens.
Featured image: Ronaldo Schemidt/AFP via Getty
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