Hundreds Of Thousands Of Hungarians Close Bank Accounts
- 2 Apr 2015 5:00 AM
![Hundreds Of Thousands Of Hungarians Close Bank Accounts Hundreds Of Thousands Of Hungarians Close Bank Accounts](/binaries/content/gallery/xpatloop/news/2015/04/d2a57803-e16a-432b-ac23-dbf16eeb3f10.jpg/d2a57803-e16a-432b-ac23-dbf16eeb3f10.jpg/xpatloop%3Achannelslarge)
The transaction duty was introduced in early 2013. Citing experts, the paper said that many account holders who had more than a single account closed the ones which they used less frequently. In addition, many pensioners are supposed to have shifted from getting their pension through bank transfer to cash.
As a result, the cash held by private individuals have risen by 32% over the past two years, the paper said.
Source www.hungarymatters.hu
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