Bank Of Spain Recommends Emergency Cash Reserves

The Bank of Spain recommends individuals keep between 70 and 100 euros in cash at home to manage potential crises. This advice follows a period where over half of e-commerce transactions fell during the Pagón. Currently, 52% of Spaniards report using cash daily, while less than 28% of those under 30 use the payment method. Additionally, creditors are studying the auction of a building with an estimated value of 10 million euros. The source mentioned a figure of 100 euros for home use to enable action during emergencies. This measure is intended to ensure ability to pay during crises such as power outages. The recommendation follows the anniversary of a previous blackout event. The broadcaster noted the importance of carrying cash as a symptom of potential systemic issues. The Bank of Spain has advocated for the use of banknotes and coins during emergency situations. This guidance aims to ensure liquidity during unforeseen circumstances.