Bank of Canada asks retailers to continue to accept cash
By CO Staff @canadaone | March 18, 2020
The Bank of Canada is urging retailers to continue to accept cash.
Noting that the risks of handling cash are no greater than touching door knobs, handrails, kitchen counters or similar surfaces, the Bank of Canada recommends that public health guidelines be followed and that people wash their hands as they would for other activities.
The bank explained that it is working with financial institutions to ensure that there is no disruption in the cash supply and noted that retailers that refuse to accept cash could be putting an undue burden on people who depend on cash as a means of payment.
"The Bank of Canada is working with financial institutions to ensure that Canadians continue to have access to cash when they need it. We are working with our partners to ensure that there is no disruption to the cash supply during this exceptional time," wrote the bank in its email broadcast.
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