He Government of Poland (stat.gov.pl) is preparing its citizens for a huge financial crisis and has warned of urgent measures, among which are keep cash at home. The problems that Europe faces, such as inflation, or the ups and downs of the stock market and the aging of the population, make it necessary to have a ‘reserve’ of cash at home to be able to cover unforeseen expenses.
The global economy (the Spanish economy continues to grow, despite everything) is immersed in a broad conflict in which wars, the Covid health crisis or various changes have appeared that have made many countries slow down in their profits and sources of wealth. Thus, Poland has decided to send a message to its citizens in which it appears that they must accumulate cash reserves, as pointed out by the newspaper ACE.
Furthermore, as pointed out from the Narodowy Bank Polski website (National Bank of Poland) monetary movement is one of the key measures to request that money continue to be deposited into banks.
The intention remains to guarantee the liquidity of the country’s financial system, avoiding unnecessary risks in investment products. All this is due to the movements and fluctuations that have been seen in recent times.
Save in cash in case banks set limits
One of the intentions of these new measures proposed by the Polish government is that citizens can have money at home, on hand, in case the crisis appears. great economic crisis. These recommendations have been made in case the time comes when banks begin to place restrictions on both ATMs and investment funds.
Thanks to this, those who have debts will be able to reduce them, which will improve financial stress at this time when it is not known for sure what is going to happen to the economy in this country.
Another important aspect is asset diversification, which also involves savings and investments, avoiding risks and economic uncertainty.
It is recommended that you invest in tangible goodstaking advantage, for example, of the current ‘gold rush’ or the so-called ‘real estate’. Real estate is real property, such as apartments, houses, buildings or land. They are all those who are linked to the ground.
Learn financial education
To prevent scams and have greater knowledge of what is happening both in Europe and in their own country, citizens should have some Minimum notions of financial education. In this way, they will not only know how to keep their accounts, but they will also be able to make conscious decisions.
Now, these measures have not been well received among the entire population. Mainly because they do not fully understand why they have been taken, and some think that the Polish Government’s intention is to generate panic.
For this reason, the experts cited by the aforementioned medium recommend acting in a rational and measured manner to avoid making bad decisions that could harm them.