NEWS MAKER

@NEWS_MAKER ↗

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Last Checked Nov. 12, 2022

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Sat Jul 30 12:41:12 +0000 2022

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NEWS MAKER @NEWS_MAKER

This is another step in Israel’s fight against the use of cash. Previously, cash up to the amount of 11,000 NIS ($3,200) could be used in business deals. — PolitiTweet.org

Posted July 30, 2022 Hibernated

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NEWS MAKER @NEWS_MAKER

Under the new law, any payment to a business above 6,000 NIS ($1,700) must be made using alternative methods, such as a digital transfer or a debit card. Trading between private citizens who are not listed as business owners will be limited to 15,000 NIS ($4,360) in cash. — PolitiTweet.org

Posted July 30, 2022 Hibernated

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NEWS MAKER @NEWS_MAKER

Tamar Bracha, who is in charge of executing the law on behalf of Israel’s Tax Authority - “The goal is to reduce cash fluidity in the market, mainly because crime organizations tend to rely on cash. By limiting the use of it, criminal activity is much harder to carry out.” — PolitiTweet.org

Posted July 30, 2022 Hibernated