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Banning cash so you pay the bank to hold your money is what the IMF wants - ABC News

As the Federal Government moves to ban cash transactions above $10,000, there's a theory gaining traction that the real motive for the cash ban isn't the so-called "black economy", but rather, to give authorities greater control over your behaviour during recessions.


This theory, put forward by economists such as John Adams — and picked up by some federal politicians — has not been plucked out of thin air.


It is based on repeated public papers and statements by the international body in charge of financial stability — the Washington-based International Monetary Fund (IMF).


By business reporter Nassim Khadem



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