Letter Re: Cash Transaction Limits in Belgium

Recently on the news here in Belgium they said there’s soon going to be a law effective that limits cash payments to 5,000 euro maximum, and in 2014 this limit would be decreased to only 3,000 euro. Officially it’s to limit ‘black money’. Haven’t heard much other things about it (no questions, protests, ..) so it’s interesting to follow up if that’s only our government being creative
(which I doubt) or that other European countries will also apply a similar law, maybe as a way to be able to devaluate the euro currency in a few years. – A. in Belgium