Bayern: Eisenreich: "Nobody has to hoard tons of cash"

Munich (dpa / lby) - According to Bavaria's Minister of Justice Georg Eisenreich (CSU), nobody has to have mountains of cash at home for fear of hacker attacks.

Bayern: Eisenreich: "Nobody has to hoard tons of cash"

Munich (dpa / lby) - According to Bavaria's Minister of Justice Georg Eisenreich (CSU), nobody has to have mountains of cash at home for fear of hacker attacks. "Nobody has to hoard tons of cash under their pillows," he said in an interview with the media group "Münchner Merkur/tz" (Friday). "In the event of a disaster, state systems always take action. Until the state emergency systems take effect, a reasonable amount of cash will suffice."

Ralf Wintergerst, head of the Munich banknote manufacturer Giesecke Devrient (GD), called the situation that credit or bank card systems suddenly stopped working in the interview "an extreme scenario". But of course it could always be that the digital world no longer works. "Then cash makes sense. After a hurricane, for example, central banks drive trucks full of cash to the disaster area so that people have first aid. Otherwise they start looting.

Giesecke Devrient is one of the world's leading manufacturers of banknotes and technology for both cash management and digital payment methods. According to the company, the traditional Munich company counts a good 150 central banks and 2,400 commercial banks around the world among its customers. Products also include security technology for the financial sector and other industries.

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