More capital controls as France declares war… on cash
By GCRU Gold News on Thursday, March 26 2015, 01:37 - Permalink
French paper Le Parisien didn’t mince words in the headline: “La chasse au cash est lancee”. Basically ‘hunting season on cash is launched’.
Under the auspices of fighting terrorism, France’s Minister of Finance, Monsieur Michel Sapin, has rolled out a series of eight new restrictions aimed specifically at minimizing the use of cash.
Among the new restrictions is a prohibition of making more than 1,000 euros in cash payments (down from 3,000 before).
Similar developments in the US Prosecutor: Banks Need to Do More Than File SARs