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Italy to ban all cash transactions over €50 by 2013 (hoax/incorrect)

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  • 11-09-2012 1:01pm
    #1
    Run_to_da_hills
    Closed Accounts Posts: 20,009 ✭✭✭✭


    Italy beefs up the cashless control grid by outlawing cash transactions of over €50 from its relatively recent €1000 limit. In other words every electronic transaction that you make in Italy over e50 will be accounted for by the Italian Government.

    How long will it be before this will spread to the rest of Europe?

    You won’t even be able to fill up your car without a credit or debit card in Italy beginning in 2013, as the Italian Council of Ministers has voted to increase the current capital controls banning the use of cash on transactions over €1,000, down to any transaction over €50!

    As we stated when Italy first announced capital controls and caps on cash transactions several months ago, expect bans on cash transactions to be coming to a neighborhood near you in the next 2-3 years.'

    http://www.silverdoctors.com/italy-to-ban-cash-transactions-over-e50-in-2013/


Comments

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    #2
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    That is just ridiculous.


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    #3
    Lapin
    Banned (with Prison Access) Posts: 18,184 ✭✭✭✭Lapin


    Ridiculous, and there are easy ways around it anyway.


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    #4
    dlofnep
    Closed Accounts Posts: 20,759 ✭✭✭✭dlofnep


    That would be totally unworkable in any practical manner.


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    #5
    Scofflaw
    Registered Users Posts: 23,283 ✭✭✭✭Scofflaw


    While the €1000 limit has been legally in place for a while, the only source for the €50 limit rumour seems to be excitable bloggers.

    Thread may be reopened if a credible source is found.

    moderately,
    Scofflaw


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    #6
    El Horseboxo
    Registered Users Posts: 5,339 ✭✭✭El Horseboxo


    I haven't held or used any cash in about 6 weeks. I often go long periods where I wouldn't have any form of money in my possession.


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    #7
    Scofflaw
    Registered Users Posts: 23,283 ✭✭✭✭Scofflaw


    The claim is a hoax:
    Cash ban over 50 euros in Italy is a hoax

    On Thursday and Friday made ​​a round of the message, which from July 2013 payments in Italy over 50 euros could be paid only by credit or debit cards. Reference. On a message of the La Repubblica According to our research, this message is wrong, however, content and contributes to further confusion. The illegal incursions into Greece, Italy, Spain and Bulgaria go much too far, but there limits on cash payments are much higher.

    Source: http://translate.googleusercontent.com/translate_c?depth=1&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=de&tl=en&twu=1&u=http://iknews.de/2012/09/10/bargeldverbot-uber-50-euro-in-italien-ist-eine-falschmeldung/&usg=ALkJrhjIGgJ6vM0wc0rOeA1TBGdp7crjzw

    The correct news is that Italy is to make it a requirement that non-cash payment must be accepted for payments over €50 - where it is offered by the payer. In other words, someone cannot decline to take a non-cash payment if the amount is over €50.

    moderately,
    Scofflaw


This discussion has been closed.
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