Cash remains more popular in Austria than in many other places. Chancellor Karl Nehammera wants to enshrine the 'right to cash' in his country's constitution.
, which has led polls in Austria in recent months. The country’s next election is due in 2024.
The chancellor’s proposal, according to his office, involves a “constitutional protection of cash as a means of payment,” ensuring that people can still pay with cash, and securing a “basic supply” of cash in cooperation with Austria’s central bank. Austria is one of 20 countries that are part of the euro area.
“Everyone should have the opportunity to decide freely how and with what he wants to pay,” he said. “That can be by card, by transfer, perhaps in future also with the digital euro, but also with cash. This freedom to choose must and will remain.” The biggest opposition party in the current parliament, the center-left Social Democrats, has called for at least one ATM in every municipality and accused Nehammer of “pure populism.”
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