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Dutch banks will issue a new warning to the public due to geopolitical threats.

Dutch banks will issue a new warning to the public due to geopolitical threats.

12.12.2024 15:41

The Dutch Banking Association will recommend that the public avoid keeping cash at home due to increasing geopolitical tensions and potential cyberattacks. The meeting will assess possible issues in the country's payment infrastructure and the need for cash.

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The Dutch banks are preparing to advise the public to keep cash at home due to the increasing geopolitical threats. According to a report in the Dutch press, the Dutch Banking Association will discuss potential issues in payment infrastructure that could arise due to cyber attacks during a meeting after the Christmas holiday period, in a time of heightened tensions. The emergence of this topic has caused great astonishment among the public.

"KEEP CASH AT HOME"

After the meeting, the Dutch Banking Association will, for the first time, advise the public to keep cash at home due to the increasing geopolitical tensions in the world. Various social groups, including consumer unions, elderly organizations, and payment associations, will also be included in the discussions on this matter. The meeting will address how much cash and which denominations will be needed in case of a potential issue. Additionally, it will be discussed how financial transactions can be conducted in the event of problems with payment infrastructures.

DEFENSE MINISTER HAD POINTED TO RUSSIA

Dutch Defense Minister Ruben Brekelmans previously stated that the Netherlands should be prepared for the Russian threat, emphasizing that the public should always keep a certain amount of cash at home. The Dutch Association of Insurers, in a related statement, warned that keeping large amounts of cash at home could increase the risk of theft.



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