Why should the central bank pilot large cash management?

The central bank piloted large-sum cash management in order to thoroughly implement the decision-making arrangements of the CPC Central Committee and the State Council, fill the shortcomings of supervision in related fields, standardize the use of large-sum cash, and curb the use of large-sum cash to commit crimes.

On June 30th, the reporter learned from Shijiazhuang Central Sub-branch of the People's Bank of China that in order to fill the shortcomings of supervision in related fields, standardize the use of large cash, curb the use of large cash to commit crimes, and maintain economic and financial order, the People's Bank of China decided to carry out large cash management on a pilot basis in Hebei Province from July 1 2020.

The general requirement of large cash management is to "guarantee reasonable demand, curb unreasonable demand and curb illegal demand". Large-sum cash management business mainly involves the counter business of cash physical delivery, including self-service deposit and withdrawal through large-sum high-speed deposit and withdrawal equipment, and preventive measures are formulated to avoid regulatory actions such as cash splitting and hidden entry.

Extended data

The starting point of 65438+ 10,000 yuan private account large cash management will not obviously affect the daily economic activities of the public;

1. At present, there are many payment methods in China, such as cash, bill, transfer, online and mobile payment, which are widely used. Diversified payment methods can meet the daily production and living needs of most citizens.

Second, the daily cash usage of the vast majority of the public will be lower than the prescribed starting point of large cash management.

Three, under the premise of legal and reasonable, the freedom of public deposit and withdrawal is fully guaranteed. As long as customers fulfill their registration obligations according to regulations, large-scale access is now unrestricted.

Fourth, for the public who voluntarily request cash services, banking financial institutions will take measures to guarantee cash services in advance and further improve the level of cash services.

Big river. Com- Personal deposits and withdrawals exceeding 65438+ million need to be registered! The central bank will try out large cash management from now on.