Italy: in 2013 no more than 50 euro cash!
Rome – The technical Rome government wants to limit cash transactions in Italy.
From 2013, citizens may pay amounts in excess of 50 euros only by credit or debit card. That the Council of Ministers decided today.
The measure is intended to reflect the money laundering and black money payments to clamp down. Since July, the government has banned cash transactions over 1,000 euros.