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ISRAEL GOES CASHLESS

ISRAEL GOES CASHLESS

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A few days ago, a new initiative promoted by Prime Minister Netanyahu was announced – removing 200 shekel bills from circulation, as a first step to abolish cash altogether within a few years.

The official excuse? fighting financial crimes and black money in the Arab society. (For those who aren’t aware, 1.6m citizens in Israel are Arab, which stands for 17% of the country’s population).

 

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