Israel Bans Large Sum Of Cash Transactions Over $1700

Last week the Israeli government passed a law that prohibits residents from spending over 6,000 NIS ($1,700) in cash and bank checks.

If a transaction is above 6,000 NIS it must be completed via a credit/debit card or a digital transfer, and any other alternative methods.

Moreover, The Media Line added, ‘Trading between private citizens who are not listed as business owners will be limited to 15,000 NIS ($4,360) in cash. In both cases, deals exceeding these sums can include a cash payment worth up to 10% of the total value of the deal. This is another step in Israel’s fight against the use of cash. Previously, cash up to the amount of 11,000 NIS ($3,200) could be used in business deals.’

The new law went into effect on August 1st, and according to Israel’s Tax Authority, the move is designed to crackdown on tax fraud and avoidance, money laundering, and criminal actions.

We want the public to reduce the use of cash money.

The goal is to reduce cash fluidity in the market, mainly because crime organizations tend to rely on cash. By limiting the use of it, criminal activity is much harder to carry out.

Adv. Tamar Bracha, who is in charge of executing the law on behalf of Israel’s Tax Authority, told The Media Line

However, charitable organizations and trade with West Bank Palestinians are still allowable, yet detailed reports must be filed with Israel’s Tax Authority; though, it is not meant to be permanent, but serve as a buffer to allow people to gradually adjust their payment methods.

This law was first proposed in 2015 and edited in 2018, which, at the time, originally included banning private holdings of large sums of cash at a max cap of 50,000 NIS ($14,500). That part did not pass at the time, but Israel’s Finance Ministry is seeking to take a vote on this soon. The nation’s Tax Authority purports that a handful of other countries have identical laws already in place, and proven to work.

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Attorney Uri Goldman, an expert in tax civil and criminal law, and money laundering, who represented clients in an appeal against the cash law in 2018, says this would not work unless a certain compromise is made:

They should permit people, at least once, to declare all the cash money they have and put it in the bank. Otherwise, the cash might not be used like before, but it’s still out there, going around. If they find the legal way to do this, it could start a change.

Goldman said, who brought this up during preliminary discussions

Goldman told The Media Line that the bill where it stands is simply not equitable.

We were in the discussions about the bill. The data we brought showed that since the first phase of the law was in effect, the amount of cash on the market only increased. So clearly, something’s not working.

When the bill passed there were over a million citizens without bank accounts in Israel. The law would prevent them from conducting any business and would, practically, turn 10% of the population into criminals.

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AUTHOR COMMENTARY

*Cough-cough* Uh, hello?

[16] And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: [17] And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name. [18] Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.

Revelation 13:16-18

Israel’s wicked government is using the same line of reasoning as to why other nations are planning to implement central bank digital currencies and social credit scores quite soon, claiming that it is to limit “criminality.” Yeah right.

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But a lot populations as a whole around the world, especially in the U.S., are not going to spring for these digital currencies and cashless transactions. Therefore, trigger events must be enacted in order to corral and force them to obey the system: namely, taking away food, heat, and other ‘fun’ things; via plandemics, wartime payments, energy and fuel rationing, carbon calculators, etc.

[4] And Satan answered the LORD, and said, Skin for skin, yea, all that a man hath will he give for his life. [5] But put forth thine hand now, and touch his bone and his flesh, and he will curse thee to thy face.

Job 2:4-5

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[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).

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