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I've seen reports putting the number of adults without a bank account/credit card/etc. in the UK at 1.5 million. Probably it's similar or even higher in the EU

I've seen reports putting the number of adults without a bank account/credit card/etc. in the UK at 1.5 million. Probably it's similar or even higher in the EU as well. So these people pay everything in cash. While removing the €500 note might not impact them much, I think the €200 and lower notes are very convenient for them.

0xmohit 10y ago
> So these people pay everything in cash. In India, those numbers would probably be much higher than in most other parts of the world. The Indian government launched a scheme called Income Declaration Scheme 2016 [0] so that people could declare their undisclosed income. It was recently followed by a notification [1] stating that taxes resulting from such declarations could be paid in cash. [0] https://en.wikipedia.org/wiki/Income_declaration_scheme%2C_2016 https://en.wikipedia.org/wiki/Income_declaration_scheme%2C_2... [1] https://rbidocs.rbi.org.in/rdocs/notification/PDFs/NT623376E870A47D491C98D180AD41804017.PDF https://rbidocs.rbi.org.in/rdocs/notification/PDFs/NT623376E...