Germany Steps Up Emergency Cash Plans to Cope in Blackout
November 15th, 2022Cash deliveries during blackouts? haha I mean, sure, why not? This sounds fine.
Via: Reuters:
German authorities are stepping up preparations for emergency cash deliveries in case of a blackout to keep the economy running, four people involved said, as the nation braces for possible power cuts arising from the war in Ukraine.
The plans include the Bundesbank, Germany’s central bank, hoarding extra billions to cope with a surge in demand, and possible limits on withdrawals, one of the people said.
Officials and banks are also looking at distribution, discussing for example priority fuel access for cash transporters, said others, commenting on preparations that accelerated in recent weeks after Russia throttled gas supplies.
