Zhongxin Finance, February 22. On the 22nd, the official website of the central bank announced the "Personal Bank of China's Rejection of RMB Cash Penalties in the Fourth Quarter of 2021".
The central bank stated that the People's Bank of China strictly implemented the requirements of the State Council, adhered to the combination of publicity and guidance and severe punishment, and continued to promote the work of rectifying and rejecting RMB cash.
The People's Bank of China will punish and expose those who are verified as rejecting RMB cash in accordance with the law, so as to effectively protect the legitimate rights and interests of consumers and maintain the legal status of RMB.
In the fourth quarter of 2021, the People's Bank of China will impose economic penalties on 32 units and relevant responsible persons that refuse to accept cash, with the amount of penalty ranging from 1,000 yuan to 100,000 yuan.
The units punished include public service institutions such as water, electricity, gas, and property payment, as well as parking lots, insurance companies, chain restaurants, and medical institutions.
The People's Bank of China stated that the public can protect their rights in accordance with the "People's Bank of China Announcement" (No. 18 of 2020) when they encounter the behavior of rejecting cash.
The majority of business entities should strengthen the concept of the rule of law, maintain the legal status of the renminbi, operate with integrity, respect the public's right to choose payment, improve services, and jointly create a harmonious cash flow environment.
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