Conspiration in times of crisis: How to protect your savings!

Conspiration in times of crisis: How to protect your savings!

In the middle of the tense geopolitical situation, which continues to escalate through the conflict between Russia and Ukraine, the topic of security is becoming increasingly urgent in Europe. Dutch Defense Minister Ruben Brekelmans has urged to point out how important it is to provide various crisis scenarios, including possible military conflicts. A particularly remarkable advice is to keep cash at home in order to be able to react flexibly in emergencies, such as kosmo.at . This recommendation is now even supported by Dutch banks, which normally insist that funds are safely kept in bank deposits. Dimitri Rhese, spokesman for the National Banking Association NVB, explained that even if there is increased withdrawal of cash, no immediate major financial losses can be expected.

A look at the development in Austria shows that there is also a trend to increase bargel reserves. A study by the Austrian National Bank confirmed that the average cash amount per person from 95 euros in 2021 rose to 102 euros. This increase can be attributed in particular to a return to cash during pandemic and increasing inflation. The OENB recommends that you pay at least 100 euros per household member in cash, so that a family of four should ideally have at least 400 euros at home. The Upper Austrian Civil Protection Association even recommends keeping 500 euros ready in small appearances, which the urgency illustrated that they have made it available for unexpected emergency situations, such as weekend.at reported.

stow safely

The discussion about the cash reserves goes hand in hand with increased security guidelines for their storage. Security experts warn against storing cash and recommends using creative hiding places. Proven tips include burying money in flower pots or hiding in an old shoe. The more individual the hiding places, the safer to counteract a possible break -in.