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Recently, the People's Bank of China imposed financial penalties on a number of entities and those responsible for refusing to allow the public to use RMB cash payments in their business. These penalized entities include postal, real estate, catering, insurance and other industries, reflecting the problem that some business entities in society still do not respect the legal status of the renminbi.
The measures taken by the People's Bank of China fully demonstrate the determination of the regulatory authorities to maintain the legal tender status of RMB and protect the public's right to pay options, and are of great significance for guiding business entities to form correct cognition and behavior and jointly create a harmonious circulation environment for RMB cash.
The status of the renminbi as an official currency is inviolable
The renminbi is the legal tender of the People's Republic of China. No entity or individual may refuse to accept the renminbi or restrict its use in transactions. This fully reflects the status of the renminbi as a legal tender and is also the need to safeguard the dignity of the national currency.
In practice, there are still a few entities that refuse the public to use RMB cash in the transaction payment process. This kind of behavior not only violates national laws and regulations, but also undermines the status and authority of the renminbi as a legal tender, and must be intercepted and corrected.
The People's Bank of China launched a special rectification action to refuse to accept RMB cash and punished relevant responsible persons in order to maintain the status of RMB as a legal tender and safeguard the seriousness of national laws and regulations and monetary policy. This fully demonstrates the regulator's firm stance on safeguarding the status of the renminbi.
There should be a consensus on the public's right to pay options
In modern society, the coexistence of cash and non-cash means of payment, respect for the public's payment choice, is a fundamental principle of economic activity. No entity should force the public to use a certain payment method. Consumers should have the right to choose their own payment methods.
In the name of promoting non-cash payments, some units force the public not to use cash, which is suspected of infringing on the legitimate rights and interests of the public. For example, individual courier companies prohibit customers from using cash to pay courier fees, and mandatory electronic payment;
Some office buildings do not accept tenants to pay property fees in cash; Some F&B merchants set a minimum limit or impose a service charge on the use of cash. These practices do not conform to state laws and regulations, but also run counter to the laws of the market economy, and should be corrected.
Cashless payments have the advantage of convenience and efficiency, but they are not a substitute for cash payments. Insisting on paying equal attention to cash and non-cash, and allowing the public to choose their own payment methods, is a manifestation of respecting the rights of the public, and is also the basic operating principle of economic activities.
The punishment of the regulatory authorities for refusing to accept cash is precisely the need to safeguard the public's right to choose payment, and will further promote the formation of a consensus, so that all parties can reach an agreement on the choice of payment methods and jointly provide payment convenience for the public.
Business entities should fulfill their social responsibilities
In recent years, with the popularity of mobile payments, the proportion of non-cash payments has been rising. However, due to factors such as China's vast territory and complex consumption scenarios, the demand for cash payment is still very strong.
In particular, some elderly people, residents in rural areas, and groups who are not accustomed to using mobile phone payments, cash payment is still the first choice. Therefore, it is the responsibility of business entities to respect and meet the diverse payment needs of the public.
Business entities should establish the concept of the rule of law and must not refuse to accept cash in violation of the law. It is necessary to establish a people-oriented concept, respect consumers' right to choose payment, and provide convenience. It is necessary to establish a win-win concept, pay equal attention to cash and non-cash payment, give consumers the greatest convenience of payment, and attract more consumers to achieve a win-win situation.
All kinds of business entities should use the work concept of serving the masses, take the initiative to guide employees to grasp national laws and regulations, and consciously maintain the legal status of RMB. Suggestions for non-cash payments should be prudent and reasonable, and should not be mandatory.
While educating consumers about payment and raising awareness of non-cash payments, we should also respect their right to choose to pay. Only in this way can we truly pay equal attention to RMB cash and non-cash payments, and jointly create a harmonious circulation environment.
Strengthen regulatory deterrence and form a deterrent
In recent years, the regulatory authorities have imposed penalties on the refusal to accept cash, and the penalties have gradually increased, which has played a deterrent role to a certain extent. However, the violations of laws and regulations by individual business entities have not been completely eradicated. This shows that it is not enough to rely on supervision and punishment alone, and it is also necessary to continue to strengthen rectification, expand the deterrent area, and resolutely correct all kinds of improper behavior.
It is necessary to intensify publicity, continue to release a clear signal of maintaining the legal status of the renminbi in all sectors of society, and improve the normative awareness of business entities. It is necessary to further improve the punishment mechanism, increase the types of punishments, expand the scope of punishments, and punish the responsible persons and units enough to have a deterrent effect. It is also necessary to establish a blacklist system to carry out joint disciplinary action against units that have seriously violated the law and who have repeatedly violated the law.
Only by forming a regulatory system sufficient to deter illegal acts, so that all types of entities can clearly feel that illegal acts such as refusing to accept cash can be fundamentally eliminated, maintain the status of RMB as legal tender, and protect the public's right to pay. This requires the regulators to continue to make efforts to promote the formation of a standardized payment environment with strong regulatory measures.
The renminbi is China's legal tender, and the public's payment option should be respected. The People's Bank of China's punishment for the refusal to accept cash reflects the determination of the regulatory authorities to safeguard the status of the renminbi and protect the rights and interests of the public.
It is hoped that business entities will further improve the concept of the rule of law, earnestly fulfill their social responsibilities, pay equal attention to cash and non-cash payments, and jointly build a harmonious payment environment. Through the efforts of all parties, China will surely form an environment in which the use of RMB is standardized and payment choices are free, so as to better safeguard the status of RMB as a legal tender and serve the country's economic and social development.
The whole network has been opened to protect rights, and plagiarism is not allowed, and offenders will be prosecuted. Thank you for your understanding and cooperation!