Reducing Cash Transactions

Description 

Albanian authorities have taken several legal and administrative initiatives to reduce the use of cash. Despite these initiatives undertaken it seems that the intended effects are not completely materialized and the volume of cash transactions continues to be high. The high level of cash transaction raises concerns to the banks. These concerns are related to the costs associated with processing the cash and with the inefficiency produced by the high level of the unused liquidities.

Updated on: May 6, 2009

Current Status

After gathering PWG suggestions on the final conclusions and proposals, SPI Secretariat assembled them in a Consultation Paper that will be distributed to the Banking Community for feedback. Based on the received feedback, SPI Secretariat will draft the PWG Recommendations to be discussed and approved in the final PWG meeting.

Output

• SPI Committee Recommendation

• SPI Secretariat Evaluation Results
• Project working Group Recommendations
• SPI Albania Draft Protocol on Common Policy to Reduce Cash Transactions
• Draft regulatory action plan PWG proposals
• SPI Albania Project on Reducing Cash Transactions Consultation Feedback
• SPI Albania Project on Reducing cash transactions consultation paper
• Policy proposals selfregulatory and regulatory measures to reduce cash transactions
• Summary findings of the survey on banks on cash transactions (including the quantitative impact analysis of reducing cash transactions
• Summary findings of the survey on shops on cost and benefits of reducing cash transactions
• SPI Albania Cash reduction Cost Benefits Questionnaire Shops
• Revised Banks’ Cost-Benefit Questionnaire Draft on Various Means of Payment
• Revised Note on International Experience
• Note on International Experience
• Banks’ Cost-Benefit Questionnaire
• Note on Research Companies’ Proposals for a National Scale study on Cash Volume Costs in Albania
• Revised Scoping of the Problem Document
• Scoping of the Problem Document
• Project Terms of Reference

Management

Members

Terms of Reference

• ToR
  

Project Working Group Meeting Agendas, Documents and Minutes