Immediate bank transfer will have a big impact on curbing cash flow

It will have a huge impact on curbing cash flow if an immediate bank transfer is triggered – Trencsán Erika, leading financial expert told M1 news channel on Saturday.

The transfer limit of ten million forints is high enough to cover retail transfers, she added.

She said that in recent years there has been a large accumulation of cash and this is very costly for the economy. At the same time, he noted that the introduction of the Hungarian Government Securities Plus has helped a lot in reducing cash in savings. (MTI)