China News Service, November 10, according to Euronet, the Italian Ministry of Economy and Finance has reconfirmed the "Decree No. 157 issued in 2019" a few days ago, which stipulates that from January 1, 2022, Italy will further Control the use of cash, and the maximum single use of cash is 999.99 euros.
According to reports, the initial cash limit of 999.99 euros was set by the Monti government in 2011.
In 2016, the Renzi government raised the upper limit of cash usage to 3,000 euros.
Until the promulgation of Decree No. 157 in 2019, starting from July 1, 2020, the cash payment ceiling will be reduced to 1999.99 euros, and will be reduced to 999.99 euros from January 1, 2022.
The new cash limit covers a wide range of payment fields, whether it is public-to-public, public-to-private, or private-to-private payments, the cash limit cannot exceed 999.99 euros.
Even if you send a red envelope to your child or borrow money from others, the total amount of cash must not exceed 999.99 euros.
However, the rules for withdrawal or deposit from the bank have not changed, and it is still possible to withdraw more than 1,000 euros from the bank because the owner of the money has not changed.
However, after the cash is retrieved, according to the law, it is not allowed to pay more than 999.99 euros at a time, but it can be kept at home and spent several times.
The new regulations stipulate the upper limit of cash payment, but cash and credit card can be mixed.
For example, if a consumer wants to buy a digital device worth 1,200 Euros, he can first pay 900 Euros in cash and then swipe 300 Euros.
In addition, the new regulations stipulate that in violation of the regulations, the use of cash in excess of the 999.99 euro limit will be punished by both the receiver and the paying party, with a minimum fine of 1,000 euros.
(Boyuan)