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ICBC Tianjin Branch launches publicity campaign to combat refusal to accept RMB cash

ICBC Tianjin Branch launches publicity campaign to combat refusal to accept RMB cash


  In order to strive to create a harmonious cash usage environment and protect the public’s payment options and cash usage rights, ICBC Tianjin Branch actively implements the work requirements of the People’s Bank of China Tianjin Branch,Consolidate the main responsibilities, carefully organize and lead, comprehensivelyLaunch a series of publicity campaigns to combat the refusal to accept RMB cash.

  ICBC Hedong Sun City Branch visited surrounding merchants to promote and guide merchants to sign the “Commitment Letter Not to Refuse to Accept Cash”

RMB is my country’s legal currency and can be used to pay all public and private debts within the country, and no unit or individual may refuse to accept it. The RMB is crucial to maintaining market liquidity and the normal operation of social and economic activities. Its circulation directly affects the implementation of monetary policy, which in turn affects the stable growth of the economy.

In recent years, with the popularization of electronic payment methods, there has been a phenomenon of individual merchants refusing to accept cash payments. This behavior not only infringes on the legitimate rights and interests of consumers, but also affects the circulation efficiency of RMB, posing a potential threat to the country’s economic stability.

In order to further consolidate the consensus that it is illegal to refuse to accept cash, improve the convenience of the public to use cash, protect the legitimate rights and interests of consumers, optimize the cash flow environment, and improve the public’s satisfaction with bank cash services, ICBC Tianjin Branch quickly implemented the policy in accordance with the work requirements of the People’s Bank of China. Deploy and coordinate, give full play to the main role of banks, and effectively carry out special rectification and publicity work on the rejection of RMB cash.

  The first is to carry out publicity through outlets.Publicity leaflets for combating the refusal to accept cash are placed in prominent positions on the branch’s publicity boards, and the slogan “Rejecting cash is illegal” is scrolled on the electronic screens of the outlets; lobby service staff distribute promotional materials for combating the refusal to accept cash to waiting customers, and hold ” “Lecture Hall for popularizing RMB knowledge” to improve the public’s understanding of policies related to the refusal to accept cash and protect the legitimate rights and interests of the people from being harmed.

  The second is to visit and promote key merchants.Comprehensively investigate whether market operators refuse to accept cash.For industries with prominent rejection problems, such as catering and retail, we organized branch personnel to carry out publicity visits, preach relevant policies to surrounding merchants, and guide merchants to sign the “Commitment Letter Not to Refuse to Accept Cash” to enhance the awareness of cash recipients and payment subjects to consciously abide by the law and not to Refuse to accept cash in RMB, and do not speculate on the concept of “cashless”.

  The third is to provide cash convenience services.Branch guidance for each business outletWe will conscientiously provide services such as cash collection and payment at outlets, exchange of damaged coins, and preparation of small denominations, and launch “coin wallet” exchange services to meet the public’s demand for small denomination cash.

  In the next step, ICBC Tianjin Branch will continue to practice the political and people-oriented nature of financial work, deepen the concept of financial services for the people, optimize convenient services, and clear the bottlenecks in cash services.Contribute more to building a harmonious cash flow environment.



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