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The People's Bank of China announced on May 14 that since January 2024, the People's Bank of China has imposed financial penalties on seven units and relevant responsible persons who refused to accept RMB cash, including the Chifeng Songshan Branch of China Post Group Co., Ltd., in accordance with the law, ranging from 3,000 yuan to 55,000 yuan.
The reporter combed and found that the units exposed this time include postal companies, real estate companies, catering companies, insurance companies, etc. Some companies refuse to use cash to pay courier fees, some real estate companies refuse to use cash to pay the difference in housing prices, some catering companies refuse to use cash to buy breakfast, and some insurance companies refuse to use cash to buy insurance......
Image from the People's Bank of China website
Relevant people of the People's Bank of China said that the People's Bank of China will continue to carry out the rectification of the refusal to accept RMB cash, effectively protect the legitimate rights and interests of consumers, and maintain the status of RMB as a legal tender. The public may defend their rights in accordance with the law when they encounter the refusal to accept RMB cash. The majority of business entities should strengthen the concept of the rule of law, respect the public's right to choose payment, and jointly create a harmonious cash circulation environment.
Source: Xinhua News Agency (Author: Wu Yu, Han Haopeng)
Edit | Chen Shaoxi Editor| Lin Yixia