No more "loadsamoney"? Paying big bills with cash will be illegal from 1st September. A limit of 3000 euros which has existed for some years will be reduced to 1000 euros. It has become increasingly difficult for ordinary folk to lay their hands on big amounts, post offices requiring notice, banks needing special withdrawal cards for sums over 400 euros, low weekly limits for cash machines all making it difficult.
Since cash generally is behind the black economy it is hard to see how this will be policed, but a fine of 5% of the transaction could be imposed.
comments to taglines82@gmail.com
