This is causing a chain affect, because some other countries are starting to do the same. A recent example is Venezuela, where they are doing
this to take on the Mafia --> http://www.bbc.com/news/world-latin-america-38284485 .... People are gradually losing faith in bigger fiat
denominations, because it's mostly used in illegal activities. { Strange... I thought Bitcoin was the only currency being used for crime }
this to take on the Mafia --> http://www.bbc.com/news/world-latin-america-38284485 .... People are gradually losing faith in bigger fiat
denominations, because it's mostly used in illegal activities. { Strange... I thought Bitcoin was the only currency being used for crime }
I love how India considers "bigger fiat" to be $7.
Venezuela is worse: "In a surprise announcement, Mr Maduro said on Sunday that the 100-bolivar note, worth about 2 US cents (£0.015) on the black market, would be taken out of circulation on Wednesday". So the only bills left would be worth a penny or less! 😀
They can't just man up and admit they really don't like freedom to spend how you see fit to and want to control you completely.
Quote
'He said the aim of these "forces" was "to destabilise out economy and our society, to leave the country without 100-bolivar notes".'
No one needs to destabilize the economy, the socialists have taken care of that themselves. 
