“The move is expected to boost banks’ cash reserves and put a damper on Russia’s shadow economy. However, the middle class will most likely end up having to pay the price for the scheme.  In 2014, a ban on cash payments for purchases worth more than 600,000 rubles (about $19,500) will be introduced; the limit will then be halved in 2015. Furthermore, the document introduces mandatory, cash-free, salary payments. Smaller companies with fewer than 35 employees will be the only exception, and trade companies will be able to pay salaries in cash if they employ no more than 20 people on staff.”

http://rbth.ru/business/2013/03/25/russia_to_ban_cash_transactions_over_10000_24203.html

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