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A comment on EU-wide maximum limit of €10K for cash payments. Parent comment

Re:EU-wide maximum limit of €10K for cash payments by buran77 on Saturday December 10, 2022 @03:39PM (#33936573)
By the time Madame Lagarde is done a lot of people will be praying to still have something in the bank to pay negative interest for.

With the current inflation €10.000 will be worth far less in the near future, and I'm certain the amount won't be updated yearly to account for that. This 10k "magic number" has stayed the same for a long time. This isn't about money laundering as much as about control over even relatively low value cash transactions.

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Re:EU-wide maximum limit of €10K for cash payments by defaulter4once on Saturday December 10, 2022 @05:02PM (#33937347)
Lagarde is a criminal with connections... https://www.bbc.com/news/world-europe-38369822 "A French court has found International Monetary Fund chief Christine Lagarde guilty of negligence but did not hand down any punishment."
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