The Traderszone Network

Published in TZ Latest News 22 February, 2016 by The TZ Newswire Staff

What happens when large denomination currency becomes extinct?

In their latest report: “Eliminating cash will also eliminate the checks and balances on banking policy and practice”, Stefan Wieler and Josh Crumb from GoldMoney Insights™ show with comprehensive data that eliminating the largest bank notes in circulation is as good as eliminating cash altogether. It becomes evident fighting crime is not the main goal of a phase out of large bills.

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