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It really isn't though.

Try paying 600€ worth of taxes in Portugal with cash and all you'll get is a fine because its banned.

Try to buy a macbook? You better have a bank account because its illegal to buy it using cash.

You owe 3000€ to a friend who lent it to you? Can't just give him the money 100€ bill at a time because that's illegal too.

Anyone who says "you're not forced to use banks" or "cash has value because you must pay your taxes with it" is either ignorant or intentionally misleading.




I don't think that law is common, though; even the European Central Bank was quite critical when it was presented by the Portuguese assembly.




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