Are We Ready to Go Cashless?
The benefits of cash over card payments are that the government has less control over your finances. There is no chance of data mining.
cash
INESS Published Why to Keep the Cash Economy
Restrictions on cash payments are in place in many countries around the world and an EU-wide restriction is looming. However, cash plays a number of important roles in the economy. To counter the one-sided public discussion about cash, INESS published in English Why to Keep the Cash Economy.
Cash Payment Restrictions: Slovak Reality
INESS has been one of the few opponents of the regulation. We included the abolition of the cash payment restrictions in our long-term competitiveness program Top20. Also, thanks to our advocacy, the (currently) biggest opposition party included a partial easing of the regulations (rising the EUR 5,000 limit to EUR 15,000) in its 2016 election program.
LFMI Position on EU Initiative on Restrictions on Payments in Cash
The European Commission has launched a legislative initiative on cash payment restrictions aimed at exploring the rationale for the introduction of upper limits on cash transactions. LFMI presents its position on the issue of restricting cash payments as a measure to fight against criminal activity, terrorism and the shadow economy.
Cash Payment Restrictions? No Solution to Shadow Economy
Cash payment restrictions would increase individual and corporate expenses and would cause payment inconveniences. How would one be expected to make larger payments at weekends when interbank transfers are not made? A forced „banking“ of cash reduces competition among payments methods.
