Israel’s Consideration to Limit Precious Metal Ownership

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In a strategic move to combat illegal activities, Prime Minister Benjamin Netanyahu has initiated discussions to limit precious metal ownership in Israel.

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Additionally, discussions include phasing out the 200-shekel banknote, largest denomination in circulation, to further disrupt black market operations.

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Economists estimate that by effectively addressing issue of black market money. Israel could potentially increase its tax revenues by an impressive $24 to $31 billion by 2030.

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This initiative aims to encourage individuals, including criminals, to deposit or exchange cash at banks. Which helps authorities track the source of funds more efficiently.

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Ultimately, the objective is to drastically reduce cash usage in Israel while promoting bank transfers. And credit card transactions, making it easier for government to monitor & combat illicit financial activities.

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For the most reliable updates on Israel’s to Limit Precious Metal Ownership. Make sure to visit Shree Metal Prices daily for current market trends & future forecasts.

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