The RBA has been forced to say it is not part of a sprawling government conspiracy, amid heated oppo
January 13, 2020
Samuel Lawrie
No, we're not trying to destroy your personal wealth, the Reserve Bank of Australia (RBA) is promising.
The Black Economy Taskforce's proposal to ban cash transactions exceeding $10,000 has created a serious stir among some groups, with government finding itself accused of engaging in a conspiracy to force Australians into negative interest rates and to gradually eliminate cash altogether.
"With respect, I think some of those concerns that you've alluded to are a little far-fetched," RBA head of payment policy Tony Richards told the last senate inquiry into the bill.
By: Jack Derwin
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The Black Economy Taskforce's proposal to ban cash transactions exceeding $10,000 has created a serious stir among some groups, with government finding itself accused of engaging in a conspiracy to force Australians into negative interest rates and to gradually eliminate cash altogether.
"With respect, I think some of those concerns that you've alluded to are a little far-fetched," RBA head of payment policy Tony Richards told the last senate inquiry into the bill.
By: Jack Derwin
Read Full Article
