The Denaria Manifesto
The large European institutions have takenup positions in the defense of cash, of itsvalues and its benefits for society. Notably,the European Central Bank, in its plans forthe development of the digital euro,underscores that it should be a used inaddition to cash and that both systemsshould be maintained and made available.
This same organization notes that cash isenormously important for social inclusionand for access to basic services and calls forlegislation that aligns the acceptance of cashat the European level.
The Social and Economic Council of the EUhas also unanimously approved the petitionto preserve access to cash and to guaranteeits acceptance as a form of payment acrossthe entire European territory.
In countries such as the US, there are numerous judgements and legislation in various states that are finding in favor of the obligation to accept cash in all commercial establishments.
These measures arrive after aggressive digitalization of payment methods that create fears of financial and economic exclusion among large segments of the population.
In view of the above, it is necessary to alertpublic institutions to the risks andirreversible consequences for society andthe economy of limiting the use of cash:
- Social risks of growing financial exclusion, as well as risks of territorial dislocation especially prevalent in rural areas.
- Security risks leading to unprotected industries or areas in cases of cyberattacks or system crashes.
- A lack of alternative payment methods in emergency situations.
- Economic risks, in those cases, sectors and zones where cash is fundamental for the development of commercial and business activity.
We at Plataforma Denaria, and in representation of our associated collectives, organizations, and entities, would like to use this manifesto to make an appeal for the stablishment of the necessary legal framework that stipulates the requirement to accept cash as a form of payment with the aim to avert the social, economic and security risks associated with its limitation.
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