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Cash payments above €3000 to be outlawed in Netherlands

rijksoverheid.nl

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Re: Cash payments above €3000 to be outlawed in Netherlands

#31

Post by bawolff »

version_five wrote: post #19
bluescrn wrote: post #5

Give it a decade or two of inflation, and that's cash effectively outlawed

In Canada, and I think the US we cannot cross the border with > 10k in cash (edit: more if you declare it as mentioned below). The law has been there for as long as I can remember, be I sure purchasing power of 10k has gone down by at least a factor of 4-10 over the life of the law. All regulation type laws need sunset clauses and all dollar amounts should be inflation linked. The government shouldn't be able to scam…

I was under the impression you were still allowed you just had to fill out a form.

Re: Cash payments above €3000 to be outlawed in Netherlands

#32

Post by sakisv »

potatototoo99 wrote: post #10

There are many similar restrictions on other countries. Here is a list for Europe: https://www.europe-consommateurs.eu/en/shopping-internet/cas... The equivalent of 3,000 - 4,000 Euro seems to be the norm.

Wow Greece has a limit of 500 euro, but: "There is no cash limit for car purchases"

wth?

EDIT:

Also this something that I didn't know about the UK

> With regard to the change, there are unlimited payments of £ 5, £ 2 and £ 1. Coins with a face value of 50p, 25p and 20p can pay amounts up to £ 10, with 10p and 5p up to £ 5 and with 2p and 1p up to 20p.

Re: Cash payments above €3000 to be outlawed in Netherlands

#34

Post by MarkSweep »

version_five wrote: post #19
bluescrn wrote: post #5

Give it a decade or two of inflation, and that's cash effectively outlawed

In Canada, and I think the US we cannot cross the border with > 10k in cash (edit: more if you declare it as mentioned below). The law has been there for as long as I can remember, be I sure purchasing power of 10k has gone down by at least a factor of 4-10 over the life of the law. All regulation type laws need sunset clauses and all dollar amounts should be inflation linked. The government shouldn't be able to scam…

You can cross the US border with more than $10k, you just have to report it:

https://www.cbp.gov/travel/international-visitors/kbyg/money

But I agree with the general principal that this should be inflation indexed.

Re: Cash payments above €3000 to be outlawed in Netherlands

#35

Post by yourusername »

dudul wrote: post #2

Can't read Dutch, but I'm pretty sure there is a version of "muh' terrorism!" in there.

No it's more "muh money laundering". Dutch government also wants banks to reports all transactions over 100 euros. The government is unable to control the crime by the cocaine gangs so these kinds of measure are their "solution".

Re: Cash payments above €3000 to be outlawed in Netherlands

#36

Post by acatton »

junofan wrote: post #25
version_five wrote: post #19

Earlier quoted context omitted.

In Canada, and I think the US we cannot cross the border with > 10k in cash (edit: more if you declare it as mentioned below). The law has been there for as long as I can remember, be I sure purchasing power of 10k has gone down by at least a factor of 4-10 over the life of the law. All regulation type laws need sunset clauses and all dollar amounts should be inflation linked. The government shouldn't be able to scam…

You can enter the US carrying as much money as you’d like. Can’t speak for Canada.

Yes but no. Yes you can enter carrying as much cash, but no you cannot freely enter with over $10k in cash, they need to be reporter to the US Custom and Border Protection before entering the country https://help.cbp.gov/s/article/Article-195?language=en_US

Re: Cash payments above €3000 to be outlawed in Netherlands

#37

Post by bboygravity »

frankzander wrote: post #11
dudul wrote: post #2

Can't read Dutch, but I'm pretty sure there is a version of "muh' terrorism!" in there.

They have a cocain problem there ...

This will surely fix the cocaine maffia problem!

And the Russian olicharch/maffia sanction evasions in Amsterdam while we're at it. Why not?

Just ban cash! Poof all those problems gone!

Re: Cash payments above €3000 to be outlawed in Netherlands

#38

Post by _visgean »

We had a guy in Usti nad labem coming to Raiffeisenbank every few weeks and deposing money, approximately 4b usd in total. The bank was supposed to run due diligence but its Raiffeisenbank which does not seem to give a shit. I can sort of understand trying to limit cash when you see that the due diligence is mostly omitted.

https://www.irozhlas.cz/zpravy-domov/smenarny-prani-spinavyc...

Re: Cash payments above €3000 to be outlawed in Netherlands

#39

Post by xeromal »

eru wrote: post #24
version_five wrote: post #19

Earlier quoted context omitted.

In Canada, and I think the US we cannot cross the border with > 10k in cash (edit: more if you declare it as mentioned below). The law has been there for as long as I can remember, be I sure purchasing power of 10k has gone down by at least a factor of 4-10 over the life of the law. All regulation type laws need sunset clauses and all dollar amounts should be inflation linked. The government shouldn't be able to scam…

I think the law technically states that you have to declare, if you have more cash. It's not directly forbidden, is it?

I believe above 10k, you're just required to have a source for the 10k. One of my buddies in college brought his entire school tuition in a suitcase over when he started school and it caused a bit of a shit show because he had to go back home and get proof to release the money or something like that. He came from a wealthy family so he had never ran into that before.
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