According to Xinhua News Agency, the People’s Bank of China announced on the 13th that in the first quarter of 2022, the People’s Bank of China will impose economic penalties on 7 units and relevant responsible persons, including Changan Liability Insurance Co., Ltd. Shuyang Branch Company, that refuse to accept cash. RMB 2,000 to RMB 40,000.
The reporter combed and found that the units exposed this time included public service institutions such as convenience service centers, as well as parking lots, insurance companies, and medical institutions. Individual insurance companies refuse the public to use cash to pay premiums and purchase insurance products, some property companies refuse the public to use cash to pay for parking fees, and some institutions refuse the public to use cash to pay for nucleic acid testing fees…
In recent years, the People’s Bank of China has continued to promote the work of rectifying the rejection of RMB cash. The People’s Bank of China will punish and expose those who are verified as rejecting RMB cash in accordance with the law, so as to effectively protect the legitimate rights and interests of consumers and maintain the legal status of RMB.
According to a relevant person from the People’s Bank of China, the public can protect their rights in accordance with the law when they refuse to accept cash. The majority of business entities should strengthen the concept of the rule of law, maintain the legal status of the renminbi, operate with integrity, respect the public’s right to choose payment, improve services, and jointly create a harmonious cash flow environment.
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