Cash payment cap raised

The daily ceiling of cash payments companies can make in their dealings with other firms will be increased on October 4th, from 30 million ROL at present, to 100 million ROL. This is in line with the stipulations of a government ordinance on the regulation of some financial measures. According to the initial draft drawn up by the Ministry of Public Finances, the maximum level was supposed to be raised to 75 million ROL. At the same time, through the same ordinance, the Executive also revised the level of daily cash payments that can be made to a single firm. Thus, on October 4th, the current level of 10 million ROL will jump to 50 million ROL. The ordinance bans fragmented cash payments for bills exceeding 50 million ROL to suppliers of raw materials, finished products, for inventory products or to service providers. There are exceptions as well. Thus, cash payments of up to 100 million ROL to a single company are allowed if they are made to cash & carry stores. ZF