Israel bans large cash transactions, requires digital payments

[theHawk]

Israel has just banned using cash for purchases larger than $1,700 and instead requires residents to use digital transfers or debit transactions. Prior to the decision, cash transactions were capped at $3,200.

Exemptions for private citizens are in place, which allows for exchanges of up to $4,360 in cash. In addition, charitable organizations and those trading with Palestinians who are not citizens of Israel are also exempt for a limited time.

Israeli officials have claimed that the new cash limit is to combat criminal organizations that rely solely on cash trades.

“We want the public to reduce the use of cash money. The goal is to reduce cash fluidity in the market, mainly because crime organizations tend to rely on cash. By limiting the use of it, criminal activity is much harder to carry out,” said Israel’s Tax Authority head Tamar Bracha.

The intended effect of the new law is to reduce the amount of physical cash on the market.

Israel bans large cash transactions, requires digital payments - The Counter Signal

Yet the right-leaning still support the leftists there because they kill Arabs on occasion.

Blah, Israelis are basically Arabs with better clothes, an older book, and a much better propaganda machine here in the US.

We already have the same shit here. You can’t withdraw more than 10k cash.

Pretty soon they will ban owning gold.

 

[Gabe Lackmann]

Just goes to show ya...the masters of this planet don't give a shit who you are.

Everyone...EVERYONE is a slave.