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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

#151

Post by lettergram »

bluescrn wrote: post #5

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

Then they can monitor all transactions and turn off purchases based on what they want the population to buy. Too much meat for a week, sorry can’t buy more until next week. “But I worked for this money” too bad.

It’s effectively “the company store”, except government (“by the people and for the people” - ie your neighbors) dictating what you buy. They just happen to also invest in the companies they direct you to.

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

#152

Post by eur0pa »

mdrzn wrote: post #53

The maximum limit for cash payments in Italy is 1000€, so 3k would still be a lot. Why would someone need to pay for 10k in cash? Where does that cash come from? 60% of the times, it's money laundering every time. edit: I suppose since I'm in EU and I'm only 30 I'm "used" to the 1k limit, while non-EU (or specifically USA) people might be grabbing their pitchforks.

Why? None of your business. Where it comes from? None of your business. Says who? Me, twice.

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

#153

Post by tuxone »

mtmail wrote: post #21

Some countries like Denmark (starting 2020) have banned paying with the 500 Euro bank note. It's also no longer printed, but some 600 million of them still exist. I've seen a documentary where (I think it was Swedish police) would like to ban 200 Euro notes as well.

Fun fact, 500 euro bank notes are worth more than 500 euro as they are used to illegally move money (because of their high value/weight ratio). 550 euro 6 years ago, as per Nicola Gratteri https://www.youtube.com/watch?v=wugqeLgOPZM

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

#154

Post by dsr_ »

intotheabyss wrote: post #111
benterix wrote: post #69

Earlier quoted context omitted.

Which becomes a problem once you try to cash them in.

Why would that be a problem? I can just deposit them like I normally do and use VISA or PayPal while international.

Or you could just carry the credit card and pay at the end of the month, skipping the business with 'stablecoins'.

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

#155

Post by ajmurmann »

jWhick wrote: post #93
potatototoo99 wrote: post #15

Earlier quoted context omitted.

Spain's 1,000€ may be the most restrictive, close to Romania's 5,000 lei.

I'm quite sure they are not enforcing it since i was traveling to and walking with across spain with much more.

But did you make a single payment with more? I understand that's the limitation

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

#156

Post by atemerev »

Here in Switzerland, I have a daily cash limit to put in ATM (there are ATMs allowing cash deposits), and this limit is about 50000 francs (52400 euros). Daily. Fully anonymous. There is no limit, of course, for in-person deposits (and withdrawals) at the bank counter. You can get millions in cash. And you can buy and sell gold bars anonymously.

I love Switzerland. Not that I have that much money, but I love this kind of freedom.

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

#158

Post by freedude »

mdrzn wrote: post #53

The maximum limit for cash payments in Italy is 1000€, so 3k would still be a lot. Why would someone need to pay for 10k in cash? Where does that cash come from? 60% of the times, it's money laundering every time. edit: I suppose since I'm in EU and I'm only 30 I'm "used" to the 1k limit, while non-EU (or specifically USA) people might be grabbing their pitchforks.

"60% of the times, it's money laundering every time."

Please provide your reference.

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

#159

Post by ghaff »

jkaplowitz wrote: post #98
raverbashing wrote: post #77

Earlier quoted context omitted.

Interesting. That's max 100EUR in coins And I'm glad coins are more popular in Europe than in the US because those $1 notes take too much space

And it’s also not a mandatory 100EUR coin acceptance limit - it is left to the discretion of the trader.

In the US, a lot of places won't readily (or at all) take $100 bills. The US is sort of in bill and coinage denomination stasis (denominations are essentially the same as they were over 50 years ago) though it's probably largely academic at this point given that many people basically don't use cash.

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

#160

Post by Mashimo »

twisteriffic wrote: post #83
throwaw33333434 wrote: post #33

If the endgame is to ban cash, what would be the back up plan for in case of war, solar flare* or other natural disaster? *electromagnetic pulse destroy electronic devices (no ATMs, card readers)

If a solar flare powerful enough to destroy the entire electronic payment system were to occur I'm sure everyone will be fine with you buying your storable food and colloidal silver with cash.

How to get the cash when the ATM does not have power?
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