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Topic: Italy to ban cash transactions over €50 in 2013 - page 2. (Read 2792 times)

hero member
Activity: 504
Merit: 500
Omg, this is getting fscked up. I would have thought that would be against European regulations, maybe there's fear of a bank rush :/

has little to do with that. And a lot more to do with getting closer and closer to a cashless society.

US has its sights set on 2017, though there is 0 speak of it openly yet.
sr. member
Activity: 476
Merit: 250
first drops of fecal mass hit the fan


Cash restrictions mean that people will be looking for other ways to transact biz. : )
hero member
Activity: 812
Merit: 1001
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first drops of fecal mass hit the fan
hero member
Activity: 812
Merit: 1000
Quote
http://www.silverdoctors.com/italy-to-ban-cash-transactions-over-e50-in-2013/

Courtesy Google Translate:

Rome – The technical Rome government wants to limit cash transactions in Italy.

From 2013, citizens may pay amounts in excess of 50 euros only by credit or debit card. That the Council of Ministers decided today.

The measure is intended to reflect the money laundering and black money payments to clamp down. Since July, the government has banned cash transactions over 1,000 euros.

i spent some of my honeymoon in rome... icecream there costs more than €50. can't see this law going down too well with tourists.
sr. member
Activity: 476
Merit: 250
Quote
http://www.silverdoctors.com/italy-to-ban-cash-transactions-over-e50-in-2013/

Courtesy Google Translate:

Rome – The technical Rome government wants to limit cash transactions in Italy.

From 2013, citizens may pay amounts in excess of 50 euros only by credit or debit card. That the Council of Ministers decided today.

The measure is intended to reflect the money laundering and black money payments to clamp down. Since July, the government has banned cash transactions over 1,000 euros.
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