Less than a week after India’s surprise move to scrap its highest denomination cash notes, another front in the War on Cash has intensified down under in Australia.
Yesterday, banking giant UBS proposed that eliminating Australia’s $100 and $50 bills would be “good for the economy and good for the banks.”
(How convenient that a bank would propose something that’s good for banks!)
This isn’t the first time that the financial establishment has pushed for a cashless society in Australia (or anywhere else). Continue reading
Following a vote in the lower house, the government will now tell the EU to “consider [the application] as withdrawn,” Swiss Foreign Minister Didier Burkhalter was quoted as saying by the Neue Zurcher Zeitung, POLITICO wrote. Continue reading