The National Cash Forum has launched a new website providing information about cash. “We want to provide a neutral, central port of call that people can visit for information and news about the Cash Forum and cash in general,” explained Bundesbank Executive Board member and Chair of the National Cash Forum Burkhard Balz. “This is particularly important in times like these, when misinformation about topics such as the planned abolition of cash keeps making the rounds.”

Those interested will be able to look at the Forum’s minutes, its mandate and a list of participants on the new website. The section on cash discusses the regulation of cash and relevant legislation, as well as payment behaviour in Germany and the history of cash. Another section provides data and facts about topics such as counterfeit money and options for withdrawing cash in Germany.

The National Cash Forum was established on the initiative of the Deutsche Bundesbank with the objective of maintaining cash as a cost-effective and efficient means of payment. Alongside the Bundesbank, the Forum is made up of representatives from the associations of the banking industry, retail trade, consumer protection, the CIT industry and vending machine operators. By participating in the National Cash Forum, stakeholders in the cash cycle are sending out a clear signal in support of cash, the new website states.