The cash-in and cash-out system will begin to operate in Pridnestrovie

It will be possible soon to withdraw cash from a card and top up the card if necessary in small settlements of Pridnestrovie, where the banking infrastructure is not developed. It will not be necessary to have bank branches, ATMs and payment terminals for this. Such opportunities for people living in villages, at the cash desk of a store or a commercial enterprise will be provided by the cash-out and cash-in service. The package of legislations that regulate the introduction of this system in Pridnestrovie was adopted in the final reading by the Supreme Council at a plenary session on June 4. According to the parliamentarian, Pridnestrovians living in 52 villages do not have the opportunity to use the banking infrastructure. For example, when it is necessary to withdraw cash from a card or top up an account. People have to withdraw cash for future use. The cash-in and cash-out service gives confidence in free access to one's own funds at almost any time.

Yuri Kucherenko notes that cash-in and cash-out are convenient not only for the population. Legal entities or individual entrepreneurs will be able to optimize their costs, in particular, we are talking about collection. As for taxation, these operations will not fall under the category of taxable.

Trading enterprises, stores, individual enterprises will be able to provide the service under a cooperation agreement with banks. You can find out that you can withdraw cash from a card or top up an account at the cash desk of a store or an entrepreneur working under a simplified tax system by special stickers. Similar to those that inform about non-cash payments by card or the Klever mobile application. Taking into account the amendments for the second reading, the Supreme Council of the PMR adopted in the final reading amendments and additions to the laws "On licensing of certain types of activities", "On the tax on income of organizations", "Special tax regime – simplified taxation system", "On the central bank of the Pridnestrovian Moldavian Republic" and the law "On banks and banking activities in the Pridnestrovian Moldavian Republic".

In connection with the introduction of cash-in and cash-out into the legislative field, deputies Viktor Guzun and Vadim Kravchuk initiated a draft law that amends the law "On domestic trade".

The law prescribes new definitions in connection with the adoption of a package of legislations to improve the availability of financial services, including in rural areas, as well as the need to conclude an agreement between an entrepreneur or organization and a bank and inform the population about the provision of cash-in and cash-out services at a given outlet. The law stipulates that cash withdrawal from a card may be denied if the amount requested by a person exceeds the balance of cash in the cash register. Amendments and additions to the law "On domestic trade" were adopted in two readings at the plenary session.

New provisions introduced into the laws at the initiative of deputies of the Committee on Economic Policy, Budget and Finance Yuri Kucherenko, Viktor Guzun and Vadim Kravchuk and regulating the operation of cash-in and cash-out services in Pridnestrovie will come into force the day after signing and official publication.

The cash-out service is provided in many countries around the world. For example, in Russia, a pilot cash-out project was launched in 2018, when several large financial institutions launched this service in remote settlements of some regions. The cash-out service has been provided en masse throughout Russia Since 2020. You can use it in stores where there is a sticker "Here you can withdraw cash". In order to withdraw cash through a terminal at a point of sale, a purchase must be made. The cash-in service (account replenishment) is not implemented in the Russian Federation, despite the legislatively established possibility of providing such a service at the same time.