Israel’s promoting a new plan to abolish 200 shekel banknotes, forbid possession of physical gold & silver, and use AI for enforcement, while Gaza's state of cash deteriorates.
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).
As expected, this move - identical to India’s move in 2016 - will cause further destabilisation of Israel’s economy...
