war on cash

Media appearances in August covered the presentation of our new study against the restriction of cash payments, healthcare, is a new economic recession coming, and the accuracy of drug tests used by the traffic police. The latest economic analysis of the EKIP - "Regulations on cash payments and their effects" presents evidence that ...

Two years after the last attempt to remove the cap on cash payments, it is time to raise the topic again. But this time, not to remove it, but to increase it, or better yet, to remove it completely. The Expert Club for Economics and Politics recently published a report, …

| Full text of the analysis | A number of proven patterns in economic science indicate that restricting cash payments would not have a significant effect on the size of the shadow economy. The latest report by the European Commission on the effectiveness of restrictions on cash payments in the European Union unequivocally confirms that …

Author: William Luther - Assistant Professor of Economics at Kenyon College, Director of the American Institute for Economics Research's Sound Money Project, and Temporary Fellow at the Center for Monetary and Financial Alternatives at the Cato Institute. Shortly before November 2016, Indian Prime Minister Narendra Modi said in a speech that the 500-rupee notes ...

Traditionally, Christmas Eve is an occasion for many Bulgarian families to sit down at a table and, at least for a short while, forget about television or social media. Such an atmosphere of domestic idyll and communication between generations is a great opportunity for evangelical fans of the market economy and personal freedom to bring political clarity …

Author: Nikolay Filibev Earlier this week, the parliament adopted at first reading another proposal by the Ministry of Finance to tighten the restriction on cash payments. Bulgaria is one of the few countries in the EU with such a restriction. Even some of the most developed economies in the EU are without any limit …

Author: Mihail Krastev A few months after the Ministry of Finance's planned restriction of cash payments to 5,000 leva failed to pass parliament, the finance ministry is now trying to push through its idea again. This time, the attempt to limit citizens' financial freedom has been inserted into a proposal for change...

Without even waiting for three months to pass since the last rejection of this bill, the Ministry of Finance this week again introduced a proposal to tighten the limit on the maximum amount of cash payments from 10,000 to 5,000 leva. And of course, the same song is being sung again - ...

The ECB’s Governing Council has decided to abolish the 500-euro note, it was announced on February 15. It is the second most widely used denomination after the 50-euro note. It also accounts for 30% of the value of physical euro banknotes in circulation. Why is this move important and what are the effects? …