Spain’s interior vulnerable to loss of cash access – Bank of Spain
Rural areas have older populations and rely more on cash, but banks are closing branches
Spain’s less populated regions are more vulnerable to a loss of cash access, according to a study published by the Bank of Spain.
The paper, authored by Diana Posada Restrepo, assesses cash infrastructure across the country, and how ongoing changes to the network affect access to cash.
The study concludes this infrastructure still offers satisfactory coverage. However, it also points out the dwindling number of physical branches is worsening the divide between inland, less-populated regions
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