Fiscal subject related
According to a survey by Norway’s central bank, only three percent of customers in Norway used cash to pay for their shopping.
A recently enacted amendment to the Central Bank Act, backed by the government and Norges Bank, clarifies that consumers have the right to pay with cash for amounts up to 20,000 kroner (approximately 1670 EUR). The legislation states: "In sales premises where a business regularly sells goods or services to consumers, the consumer shall be offered the option to pay with legal tender if it is possible to pay for the goods or services with other payment solutions. If the business has available change, it must also offer to provide change in connection with the payment, unless there is a clear discrepancy between the banknote offered as payment and the amount to be paid.“ The rules must be applied from October 1st, 2024.
The government has committed to imposing fines on businesses that intentionally or carelessly disregard these regulations.
Minister of Justice and Public Security remarked that in a digital world, it can be easy to overlook that many people are not digital users, and that cash is also crucial for societal emergency preparedness.
Other news from Norway
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