Australian Government Opens Another Front in the War on Cash

[kreslik.news]

The government of Australia joins the EU, Spain, France, Venezuela and other authorities examining ways to limit the public’s access to cash transactions in order to prevent crime and tax avoidance. The most drastic recent step taken in what is often called the ‘war on cash’ was the unexpected demonetization of high-denomination rupee notes by Indian Prime Minister Narendra Modi.

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According to media reports from Australia, the $100 AUD note might be cut after a report from UBS recommended the government to do so in order ... (read more)