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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 csomar on Saturday December 10, 2022 @08:38PM (#33939077)
> Because limits like these are never raised.

Inflation will take care of that. Also, you can't convert that money to Gold or Crypto and a house is too damn expensive to buy. So someone with 20k Euros will end up with 2k euros in value.

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Re:EU-wide maximum limit of €10K for cash payments by justahuman74 on Saturday December 10, 2022 @11:15PM (#33940012)
That part of the problem, it wont be long before 10000 in EU currency wont buy much at all, effectively making cash unusable
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Re:EU-wide maximum limit of €10K for cash payments by bonzini on Sunday December 11, 2022 @12:57AM (#33940508)
At 4% a year, it will be roughly 70 years before 10000 euros have become 600 euros of today (which is still above the size of a typical cash transaction).
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