'We want the public to reduce the use of cash money,' says a member of Israel's Tax Authority

Starting August 1, Israel will no longer allow payments in cash over $1,760 in cash and bank checks, according to The Media Line

Israel's Tax Authority states that the reform aims to fight organized crime, money laundering and tax evasion. 

The $1,760 ceiling will be for transactions between a person and a business, while the ceiling for transfers between private individuals will be $4,400 instead of the current amount, almost $14,700, according to Israel's Globes.... Read More: i24