Another Salvo in the War on Cash: Israel Tightens Limits on Cash Transactions

by Peter Schiff, Schiff Gold: Yesterday, an Israeli law went into effect banning the use of cash in business transactions over 6,000 NIS ($1,700). Private cash transactions can’t exceed 15,000 NIS ($4,360). This is yet another escalation in the “war on cash.” Any transaction above those thresholds must be made via digital transfer or a […]