For cash defenders – a cold shower: the Seimas rejected a key proposal

During a session in the Seimas, a proposal initiated by Karolio Neimanto, a member of the Nemuno Aušra faction, was debated regarding constitutional amendments. The measure sought to establish a legal guarantee for the right of an individual to receive payments in cash. The draft resolution highlighted that restricting the use of physical cash could negatively affect specific demographics, including older citizens, residents of rural areas, and individuals with limited access to digital services.

The debate culminated in a vote where 29 members supported the initiative, 25 voted against it, and 18 parliamentarians abstained. Despite the division of votes within the Seimas, the legislative body granted the initiators the opportunity to revise and improve the project before further consideration. The core of the proposed amendment is a referendum question designed to gauge public consensus on enshrining the right to cash payments within the Constitution.

Proponents, who act as defenders of this right, argue that maintaining cash options is crucial for ensuring financial inclusion across all segments of the population. The procedural decision by the Seimas allows the proponents to refine the language and scope of the proposal, taking into account the concerns raised by various stakeholders regarding digital exclusion. This revision phase aims to strengthen the arguments supporting the constitutional protection of cash transactions, ensuring the final text reflects a comprehensive balance between modern financial practices and the needs of vulnerable citizens.

Topics: #cash #seimas #defenders

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