ECB criticises Polish law on cash use

Frank Elderson
ECB executive board member Frank Elderson
Photo: Netherlands Bank

The European Central Bank has publicly criticised the Polish government’s decision to pass a law changing the framework on the use of cash.

ECB executive board member Frank Elderson sent a strongly worded letter to Polish finance minister Tadeusz Kościński, saying the law might not be in the public interest.

Elderson’s letter, sent on December 28, also criticises the Polish government for its failure to consult the ECB before passing the law. 

The National Bank of Poland and the Polish

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