Tag Archives: War On Cash Escalates: Australia Proposes Ban on $100 Bill; No Cash Within 10 Years?

War On Cash Escalates: Australia Proposes Ban on $100 Bill; No Cash Within 10 Years?

Posted by aurelius77 on

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Global financial repression has picked up steam. Australian citizens are likely the next victim.

AU News reports Government Floats $100 Note Removal.

SAY goodbye to the $100 note.

Australia looks set to follow in the footsteps of Venezuela and India by abolishing the country’s highest-denomination banknote in a bid to crack down on the “black economy”.

Speaking to ABC radio on Wednesday, Revenue and Financial Services Minister Kelly O’Dwyer flagged a review of the $100 note and cash payments over certain limits as the government looks to recoup billions in unpaid tax. Continue reading →