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Italy to Ban Cash Transactions Over €50 in 2013
09-11-2012, 03:22 PM #1
Shadow Mrs. Buckwheat
Posts:12,775 Threads:1,181 Joined:Feb 2011
wtf2.gif

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-ba...0-in-2013/
09-11-2012, 03:35 PM #2
Octo Mother Superior
Posts:43,357 Threads:1,482 Joined:Feb 2011
Mamma mia! €50 is not very much. damned.gif

When the doom hits your eye like a big pizza pie...
09-11-2012, 03:37 PM #3
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,572 Threads:1,443 Joined:Feb 2011
Hey Shadow! hug.gif This is the wave of the future, a limit on cash is just the start to get people used to a completely cashless society.
The Swedes are moving in that direction, and the banks here won't deal with cash after 1:00 pm. vic.gif

#!

wonder.gif
09-11-2012, 03:44 PM #4
Shadow Mrs. Buckwheat
Posts:12,775 Threads:1,181 Joined:Feb 2011
hug.gif morning Octo and JR. Yup it's a move to completely control currency. Of course the banks get a % of every transaction but not from cash. Damn they're greedy. Also Italians use cash a lot and the gov wants their piece of it, this way they'll track and tax every penny.
09-11-2012, 03:53 PM #5
Octo Mother Superior
Posts:43,357 Threads:1,482 Joined:Feb 2011
I can imagine bartering becoming increasingly popular.

Morning Shadow hug.gif
09-11-2012, 03:59 PM #6
Shadow Mrs. Buckwheat
Posts:12,775 Threads:1,181 Joined:Feb 2011
Yup, we swapped 4 tires and rims that don't fit the truck for 4 cords of wood Saturday lol. The gov can't tax the tires if sold, but they sure would the cords of wood at about 37%
09-11-2012, 04:02 PM #7
Octo Mother Superior
Posts:43,357 Threads:1,482 Joined:Feb 2011
I'd love to have some chicken in the backyard, but I don't think the neighbors would. chuckle.gif
09-11-2012, 05:15 PM #8
yankees skier
Posts:5,889 Threads:215 Joined:Feb 2011
Visa & MasterCard must love this.

Biere.
Anonymous Kritter Show this Post
09-11-2012, 11:37 PM #9
Anonymous Kritter Incognito Anonymous
 

Headline should be Goldman Sachs to Ban Cash Transactions Over €50 in 2013.
09-12-2012, 12:36 AM #10
ocker1 Member
Posts:2,120 Threads:817 Joined:Mar 2011
how they gunna enforce that ?
Crikey we got the dreaded 15 % GST ( Goods and services tax )
But if ya slip the local tradesman the "Readies "

hell jus stick it in his back pocket and no ones the wiser , plus a "Cashie " is ALWAYS a lot cheaper
09-12-2012, 01:08 PM #11
Octo Mother Superior
Posts:43,357 Threads:1,482 Joined:Feb 2011
(09-11-2012, 03:44 PM)Shadow Wrote:  hug.gif morning Octo and JR. Yup it's a move to completely control currency. Of course the banks get a % of every transaction but not from cash. Damn they're greedy. Also Italians use cash a lot and the gov wants their piece of it, this way they'll track and tax every penny.


Literally! gaah.gif

Canadian Mint taxing musician for using image of penny in protest

Quote:Dave Gunning says he wanted to pay tribute to the Canadian penny, which will cease production at the end of 2012, on his upcoming album, "No More Pennies."

However, CBC News reports that once the Royal Canadian Mint heard about the album cover concept, it told Dave Gunning that for every 2,000 albums sold, he must fill out an application asking for permission to continue using the image, then pay $1,200 in fees.

Gunning's album cover shows a person at a lunch counter attempting to come up with enough change to pay for a cup of coffee.

http://news.yahoo.com/blogs/sideshow/can...43564.html

Amazing! blink.gif
09-12-2012, 03:13 PM #12
Shadow Mrs. Buckwheat
Posts:12,775 Threads:1,181 Joined:Feb 2011
Well that's pretty awful bored.gif

It's amazing how many people I hear say they're glad the penny will be gone. I guess they enjoy inflation dunno.gif
09-12-2012, 03:22 PM #13
yankees skier
Posts:5,889 Threads:215 Joined:Feb 2011
I spent an entire week in France, and never saw a Euro 0.01 or 0.02. And I used cash most of the week.

Biere.
09-12-2012, 05:02 PM #14
Octo Mother Superior
Posts:43,357 Threads:1,482 Joined:Feb 2011
Finland doesn't use 1 and 2 cents either. 5 cents is the smallest denomination. But of course prices aren't rounded to even five cents, that's why when for instance you buy something for 1.69 you'd better buy three at once to have the amount rounded to 5.05 from 5.07 instead of paying 3.40 for 2 instead of 3.38 lmao.gif
09-12-2012, 05:07 PM #15
yankees skier
Posts:5,889 Threads:215 Joined:Feb 2011
Good advice, but I noticed that everything on all the menus was always rounded to end in a 0.

Biere.



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