German plan to impose limit on cash transactions met with fierce resistance

Proposals to ban payments above €5,000 have been condemned in country where 79% of transactions are in cashA plan to introduce a limit on cash transactions in Germany has been met with fierce resistance across the country. Proposals to ban cash payments of more than €5,000 (£3,860) to combat money laundering and the financing of terrorism were revealed by the German finance ministry last week. They face opposition from a broad alliance of political parties as well as the country&