Cash will no longer be outside banks from January
Local banks are working to organize and finalize a plan to stop storing cash outside their premises, with the goal of containing all cash holdings within the bank facilities by the end of 2026. The implementation will commence in 2027. This decision aims to improve cash flow management, enhance oversight, and reduce operational and security risks by requiring all cash to be stored exclusively within bank branches. Additionally, a bank-owned company will be established to manage excess liquidity, with a strict mandate to avoid engaging in any other activities. Banks must also meet all specified regulatory and operational requirements, train staff, unify policies for efficient cash movement monitoring, and ensure security continuity and disaster management. This initiative represents an important step toward increasing oversight and control over cash liquidity and reducing reliance on external, unlicensed transportation and storage companies.
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