Abolishing 200 shekel notes is akin to India's demonetization, intended to combat financial crimes, but risks destabilizing the economy and harming citizens' well-being.
With 80% of the public's banknotes being 200 shekel bills, the proposed removal aims at recovering billions from tax evaders while severely impacting cash-dependent communities.
This initiative signifies a push towards a cashless society, with the government planning to impose strict cash transaction limits and increasing surveillance on cash holdings.
Many fear that digital payment methods, while aiming to reduce black market activities, could alienate those reliant on cash, particularly in vulnerable communities.
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