It has been reported that devices, such as, hand held machines, smart cards, PoS terminals and utilities which are crucial to the functioning of the model are not properly functioning in many areas of the country.
3 ECB (2021), “The role of financial stability in the ECB’s new monetary policy strategy”, Financial Stability Review,  November. 4 Financial Stability Board (2020), “Holistic Review of the March Market Turmoil”, 17 November.