The imposition of restrictions on the payment of the value of apartments and cars in cash could be postponed by three months, IPN reports. The head of the Parliament’s commission on economy, budget and finance Radu Marian announced that an amendment in this regard was approved at the commission’s meeting on Thursday and is to be adopted by Parliament.

PAS MP Radu Marian said that more time will be thus given to the process of improving the electronic/bank transfer procedures in the case of contracts for the purchase of real estate between individuals.

The law limits the value of cash transactions between two individuals to 100 average official salaries, the equivalent of about 1.6 million lei or €80,000 in 2025 for real estate transactions and 50 average salaries for vehicle transactions.

Any transaction exceeding these values will have to be carried out electronically.

Earlier, a working group was created under the commission on economy, budget and finance to optimize the electronic transfer process in the case of real estate, wrote MP Radu Marian.

"We have made important progress in simplifying the procedure for submitting the supporting documents necessary for depositing cash with financial institutions. However, we need time to solve the problem of the exchange rate difference, in cases when the parties involved in the transaction have euros, not lei," said the head of the commission on economy, budget and finance.

In EU countries and other developed countries, transfers of large amounts are made without using cash, by bank transfer or other electronic means. In fact, the EU recently set a limit of €10,000 for cash transactions, similar to the one in Romania. Ukraine also capped cash transactions.