The People’s Bank of China announced on January 21 that in the fourth quarter of 2020, 16 units including the Beijing Zhongshan Park Management Office were punished in accordance with the law for posting a “Cash Rejection” sign or someone on duty but refused to accept cash. , The penalty amount ranges from 500 yuan to 500,000 yuan.
Since October 2020, the People’s Bank of China has issued an announcement on the guidelines for the receipt and payment of RMB cash, and has carried out in-depth rectification of the rejection of RMB cash. However, some units have weak legal awareness and weak service awareness, and still refuse to accept cash. In response to this, in the fourth quarter of 2020, the People’s Bank of China imposed financial penalties on 16 units that refused to accept cash and related persons responsible. The penalized units included parks, public service agencies, parking lots, insurance companies, etc.
The People’s Bank of China stated that in the next stage, it will continue to conduct in-depth rectification, unblock complaint and reporting channels, standardize the verification of relevant clues, punish and expose behaviors verified as refusal of cash in accordance with the law, and effectively protect the legality of consumers rights and interests.
Reiterate again:Renminbi is my country’s legal tender, and Renminbi cash is the most basic payment method in my country. No unit or individual can refuse to accept it!