Cash use cost 400-450 billion HUF a year for the country
The amount of cash in circulation in Hungary is very high at over 6,000 billion HUF, which costs about 400-450 billion HUF annually to the country – Balogh László, Deputy Minister of State of the Ministry of Finance said at a professional conference on Thursday in Budapest.
The Ministry of Finance wants a significant increase in the number and volume of bank card payments, and urges, for example, that pensioners do not ask for cash – the deputy Minister of State told at Napi.hu’s “E-wallet 2019” event. (MTI)
Related news
Péter Benő Banai: the Hungarian economy is on a sustainable growth path
The Hungarian economy can set itself on a sustainable growth…
Read more >PM: Moody’s continues to recommend Hungary for investment
Moody’s continues to recommend Hungary for investment, but due to…
Read more >Related news
foodora: Condoms are being ordered as early as 7am on Valentine’s Day
Florists are busy, but many people also order chocolate and…
Read more >The growth of Hungarian e-commerce is now driven by imports
In 2024, the entire Hungarian e-commerce market, based on PwC’s…
Read more >Wine promotion support helps domestic producers access the market
A program to promote Hungarian wines domestically and abroad will…
Read more >