WAR ON CASH: AUSTRALIA DEBATING PLAN TO BAN $100 & $50 NOTES
Sweden leads the race to become cashless society
Swedes are blazing a trail in Europe, with banks, buses, street vendors and even churches expecting plastic or virtual payment MORE INFO @ www.theguardian.com/business/2016/jun/04/sweden-cashless-society-cards-phone-apps-leading-europe
Venezuela Follows India’s Example and Voids Half of Its Cash
Venezuela is taking nearly half the country’s bank notes out of circulation beginning Wednesday, threatening to ruin the holidays season for Venezuelans already suffering from dire cash shortages, hyperinflation and an economic meltdown. MORE INFO @ blogs.wsj.com/indiarealtime/2016/12/13/venezuela-follows-indias-example-and-voids-half-of-its-cash/
Larry Summers: Time to scrap $100 bill
Former chief economist of the World Bank Larry Summers is backing calls for removing the 500 euro and $100 bills from circulation. MORE INFO @ www.cnbc.com/2016/02/17/larry-summers-time-to-scrap-100-bill.html
India pulled 86% of its cash out of circulation. It’s not going well.
The prime minister’s controversial bid to crack down on corruption has tons of costs. MORE INFO @ www.vox.com/world/2016/11/29/13763070/india-modi-cash-demonetization-protests
500 euro bill is being killed off
The European Central Bank is phasing out the 500 euro banknote because it has become too intertwined with criminal activity. MORE INFO @ money.cnn.com/2016/05/04/news/500-euro-bill-banknote-ecb/
Future of the $100 note up for grabs as government targets cash
The Turnbull government is to consider a ban on the $100 note and a crackdown on all but small cash payments as part of an assault on the cash economy to be unveiled in Monday’s mid-year budget update. MORE INFO @ www.smh.com.au/federal-politics/political-news/future-of-the-100-note-up-for-grabs-as-government-targets-undeclared-cash-payments-20161213-gtakk5.html
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