Now Greece Bans Cash – Again

Greek Parliament

Greek FinMin: purchases over €500 only via credit card, check or bank transfer …Greek Finance Ministry plans to put an end to cash payments. Purchases worth more than 500 euro will be not possible with cash money anymore. Finance minister Yiannis Stournaras told the Parliament on Thursday that he examines that “the expansion of electronic transactions with credit cards and other electronic payment methods for a wide range of transactions for amounts much smaller than those required by current legislation,” which is currently at 3,000 euro. All transactions worth more than 500 euro will have to be made only through money transfer through banks, or credit/debit cards and checks. – Keep Talking Greece

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