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Too much money? City has to pay negative interest

Bad Oeynhausen had around 20 million euros in cash in the cash register at the beginning of the year. Treasurer Marco Kindler explains why the “custody” for it is far lower than was claimed in the budget debate.


Jörg Stuke



Bad Oeynhausen. The money is in the bank. The city had around 20 million euros in cash at the beginning of the year. For which she does not collect interest, but has to pay negative interest. However, nowhere near as much as was claimed during the budget debate in March, as Marco Kindler reports. The treasurer also explains why the city’s liquid assets are likely to have been used up to a small cushion by the end of the year. Yes, Bad Oeynhausen has had some great years …

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