The RBA has been forced to say it is not part of a sprawling government conspiracy, amid heated oppo
- Jan 13, 2020
- 1 min read
No, we're not trying to destroy your personal wealth, the Reserve Bank of Australia (RBA) is promising.
The Black Economy Taskforce's proposal to ban cash transactions exceeding $10,000 has created a serious stir among some groups, with government finding itself accused of engaging in a conspiracy to force Australians into negative interest rates and to gradually eliminate cash altogether.
"With respect, I think some of those concerns that you've alluded to are a little far-fetched," RBA head of payment policy Tony Richards told the last senate inquiry into the bill.
By: Jack Derwin
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