IMIA’ Position on the European Commission’s Draft Regulation on the Legal Tender of Euro Banknotes and Coins
The IMIA calls for clarity on whether the Proposal implies and guarantees euro cash payments acceptance obligation at point-of-sale. The IMIA is concerned that the obligation for Member States to only intervene with remedial measures when a level of non-acceptance of payments in cash undermines the principle of mandatory acceptance implies that ex ante unilateral […]
Clarifying the Legal Tender Status of Euro Banknotes and Coins
IMIA is of the opinion that it is needed to guarantee absolute obligation to accept cash payments at the point-of-sale, business-to-consumer or government service-to-consumer transactions, uniformly across the eurozone, securing euro cash as a free payment choice to citizens. Therefore, legislative action at EU level is needed to enhance legal certainty and enshrine the legal […]