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BANKS ARE GETTING a little better at dispensing €10 notes from ATMs.
The Central Bank has set targets for banks to increase the amount of smaller notes they dispense, such as €10 and €20 notes, from their ATMs in an effort to make lower denomination notes more available to cash users.
The targets were set following a study of consumer requirements and their patterns of cash usage.
The targets are that 6-10% of all notes are to be €10 notes by the end of 2018, while 40-45% of all notes by volume are to be €20 notes.
A total of 45-50% of all notes are to be €50 notes.
Data from the third quarter of 2017 reveals that 8% of all notes are €10 notes. This is an improvement on last year, but only by 1%.
The latest figures show that 36% of all notes are €20 notes – an improvement of 2% in the last year. However, €50 notes remain the highest denomination of banknotes dispensed by ATMs at 56%.
This is a decrease of 3% on last year.
The plan to decrease the dispensing of larger notes follows a recommendation in the National Payments Plan (the plan aims to make savings of €1 billion annually to the Irish economy by increasing the use of electronic forms of payment such as debit cards and electronic banking).
The Central Bank requests regular updates from the commercial banks on their progress towards achieving these targets.
Fianna Fáil’s Michael McGrath said making lower amounts more available would be a lot more convenient for members of the public and retailers.
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The next general election will be tough too Joan…
They are not helping people get back to work.the only reason the number signing on is lower is because of emigration.i had to leave the country to find work leaving my wife and kids behind.thats one of the hardest things I have ever done or will do.those idiots in the dail sacrifice nothing.we the people take all the hits.
Too true.
“She said the level of social welfare abuse “is relatively low” but that in a budget of €20 billion, even 3 per cent of people abusing it amounts to millions of euro.”
Last week World Bank figures on remittances showed tha Nigerians in Ireland sent back 490 million euros to Nigeria – that’s 26,000 euros for each Nigerian man, woman and child in the State.
However, children are ineligible to work, so the figure is close to 40,000 euros.
But wait, Nigerians also have the highest rate of unemployment in the country than any other group – 45% (Lithuanians are second at 25%) – so the actual figure is more than 55,000 euros sent to Nigeria each year.
Most Nigerians are working in unskilled, low-paid jobs.
Monies sent from Ireland by foreign migrants are three times higher than the amount of money being sent home to Ireland by the Irish abroad.
World Bank statistics show that Irish people living in other countries sent more than $750 million (€560 million) back home in 2011, but foreign workers here sent remittances of $2.4 billion (€1.8 billion) home in the same year.
Wake up, Joan.
Quickly.
I think we’d all have a different outlook to these budgets if those writing them up took a significant pay cut and led by example. I’m talking knocking 80k a year off their wage slips.
Poor Joan, she hasn’t got a clue who is even writing the budget coz it sure isn’t noonan. Wonder if the furer over in Germany is telling her to give all these “exclusive” interviews with the journal?
Why oh why are you giving her airtime. Her village is missing her…..
Labour must finally be looking at the polls. Local elections coming up so they send out Joan the Moan to spew out her usual drivel.
Hell, if you throw enough mud at the wall some of it will stick, or as we’ve witnessed over the past couple of days, if Joan starts commenting on everything, then maybe we’ll actually believe some of this tripe.
At the last General Election I was foolish enough to believe your ‘bile’ & actually gave Joan my first preference vote, a mistake I can gladly say will never happen again. As soon as Labour got into bed with their counterparts in Government, they turned their backs on the very people who voted them in.
In saying that you have done one good thing whilst in power & I thank you for it.
Thank you Joan for showing me the error of my ways. Roll on 2016!!!
What a lot of hot air
Things won’t be tough in her house. An overpaid ministerial salary will make sure of that.
Tough experience Joan? Possibly you should try living as those who your decisions effect for a couple of months. Tough experience my arse. Silly minister.
The rich and wealthy won’t feel the pain, you can count on that!
“Hard decisions and trying to be fair’. .. Roll on the next elections .
.
Ah Aoife my morning was going so well until about 2min ago when I read the headline and then saw the sour frown on Burton.
Let them know how you’s all feel when the next election comes around
Clueless woman.
She is my third favourite Burton.
whats she moaning about sure the lads over in the european comission look after that for them now every body knows that , all you have to do joan is pretend that you have read it when they send it to you and your miserable party … lets be serious she’s not going to feck up her chances of jumping on the Mep gravy train to brussells by disagreeing with next years round of taxing the poor.. VOTE SF
Labour no answers, no solutions, a spent force thats passed it best before date.
Exactly! Hopefully they’ll go the same way the Greens did last time round
Bullshit they have…
She and her colleagues don’t know what tough means – muppets, all of them!
Not a tough experience for you, Joan, insulated as you are from a falling income (or no income) and constantly mounting taxes, levies and “charges”. The tough experience is for the generality of the population and you needn’t try and fool us into thinking you are agonizing over any of the “tough decisions”. How dare you? Your Government have had, admittedly little room for manoevre, but have consistently made the choices which would punish and disadvantage the ordinary working population – and the ‘vulnerable’ about whom you were so vocal in the general election campaign. If you think people are going to overlook that, you have another think coming.
All benefits should be slashed by 50%
Unless you have worked to pay into it
Personally if your long term unemployed 5 yrs or more you should be on side road cleaning in parks working cleaning beach
You should not get benefit for nothing
must be local elections coming up Joan THE MOAN, sure you dont have to worry about money, but dont forget the people dont forget the punishment labour imposed on its voters LIARS
some neck
have your say