CASH PAYMENTS
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Romanian Card Deals Hit EUR32B In 2013
The Romanian government has left the Parliament to discuss the details of the project aimed at capping cash payments, which is likely to give a strong boost to the card market. However, restrictions to the use of cash in Romania are doubled by a severe capping...
Government Approves Law On Capping Cash Payments, Interbank Fees
Romanian government approved the draft law on capping cash payments and reducing interbank fees for debit and credit cards transactions, according to official sources.
Finance Ministry Mulls Capping Cash Payments For Real Estate Transactions To RON50,000
The Romanian Finance Ministry considers limiting cash payments for houses or cars transactions to RON10,000, like in the case of cash payments between individuals, or even to RON50,000 for r...
PM: Cash Payments, Bank Fees Capped Jointly By Law
Cash payments will be capped jointly with bank fees, probably by law, not by ordinance, and the banks should agree with the decision, especially that they will benefit from a higher number o...
Cash Payments Between Firms And To Private Individuals To Be Capped To RON2,000/Day
Cash payments between firms and toward private individuals will be capped to 2,000 lei (EUR441) per day, from RON10,000/day currently, according to a draft ordinance obtained by Mediafax.
Finance Ministry Contemplates Capping Money Transactions Between Individuals
Romania’s Finance Ministry is considering capping daily cash payments between two or more individuals in a move to reduce tax evasion, people familiar with the matter said Tuesday.