Australia’s Planned $10,000 Cash Spending Limit

#CashLimit #AusPOL #$10,000

The Australian government is proposing to limit cash transaction to $10,000 or less to reduce the black market. Let’s look at an overview of their proposal an then the potential implications with regards to negative interest rates and recent IMF research.

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Currency (Restrictions on the Use of Cash) Bill 2019

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