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Governments Announce that the Supply of Cash is Vital to the Economy

Categories : Cash generates security, Cash is a contingency and fall-back solution, Cash is a public good
March 25, 2020
Tags : ATM, cash management company, Coronavirus, infrastructure
As a growing part of the world shifts into lockdown, governments are identifying critical infrastructure industries that must continue operating to ensure public health and safety as well as national security.
Guillaume Lepecq

This post is also available in: Spanish

In the US, the Cybersecurity and Infrastructure Security Agency (CISA) developed an initial list of “Essential Critical Infrastructure Workers” to help State and local officials as they work to protect their communities, while ensuring continuity of functions critical to public health and safety, as well as economic and national security. The list includes workers who are needed to provide consumer access to banking and lending services, including ATMs, and to move currency and payments (e.g. armored cash carriers).

In France, Bruno Lemaire, Minister of Economy and Finance has announced in a press conference that the transportation of cash is a vital activity for the survival of the country. Those working in these industries are invited to continue to work, in compliance with health and safety rules.

In New Zealand, following the government announcement that COVID-19 Level 4 alert will be introduced, only essential services will be permitted to remain open at a central place of business. The Government determined that financial services are essential services. These are banking, insurance and other financial institutions which are deemed to be essential services and exempt from the directive to close. The essential functions include access to ATMs. 

This post is also available in: Spanish