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DatabankDecember 5 2023

Latvian banks to pursue cash availability

The country’s financial institutions are working on consolidating the role of cash and the requirements for access to it with a law that would take effect in January 2025.
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The Bank of Latvia, Finance Latvia and commercial banks have agreed to continue implementing measures to ensure the availability of cash in 2024. These measures are included in the co-operation memorandum signed in the autumn of 2021, which was renewed at the end of November. 

The signatories agreed on a number of measures including a stipulation that every municipal centre has at least one ATM and ensuring adequate actual accessibility of ATMs to consumers at least 12 hours a day.

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Barbara Pianese is the Latin America editor at The Banker. She joined from Mergermarket, where she spent four years covering mergers and acquisitions across Europe with a focus on the consumer sector. She holds an MA in International and Diplomatic Affairs from the University of Bologna having studied in Brazil and France as well.
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