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Russians without cash: when the ban cache
Material posted: Publication date: 29-06-2018
Russian authorities deny plans to introduce limitations on cash payments in the near future. However, experts believe that "the prohibition of cash" in one form or another can be spelled out in the period up to 2020, as the Ministry of Finance it is important to increase tax collection. An obstacle to refusal of cash is insufficient depth of penetration of modern payment systems.

The Ministry of Finance and the state Duma say that there are no plans to conduct a full or partial ban on cash payments. With the prediction that such limitations may appear in the near future, was made by one of the bankers.

As stated "Газете.Ru" the head of the Finance Committee of the state Duma Anatoly Aksakov, the introduction of limits on cash payments to individuals is unlikely to happen in the next five years.

"From time to time this topic POPs up on the initiative of the Central Bank, at the initiative of the Ministry of Finance. Now it is relevant because of the desire of regulators to deal with questionable transactions. In addition, the state spends huge money on the transportation of the money, and the refusal of cash seems logical," — said Aksakov.

Thus, according to the Deputy, in the coming years, the limit on cash transactions is meaningless. They should discuss and implement, only when 90% of the operations, the Russians will commit in the form of cash, he said.

As said the Agency, RIA "Novosti" in the Ministry of Finance, is currently not considered the introduction of restrictions on the maximum amount of cash funds to make payments of physical persons On request "Газеты.Ru" the Department did not respond.

To discuss the possibility of limiting the amounts of cash payments the Bank of Russia and the Ministry of Finance began in 2012. In particular, it was proposed to enshrine in law the maximum threshold for the calculation of natural persons cash in 600 thousand roubles. Such a bill was even submitted to the Duma. But, as explained "Газете.Ru" Aksakov, in the near future, its consideration is not assumed.

Last year the Finance Minister Anton Siluanov called for a return to the idea to introduce a maximum threshold for cash payments and proposed to limit pay in cash when you purchase expensive goods, including real estate, vehicles and jewelry.

The Central Bank failed to provide "Газете.Ru" the operational review.

The idea is to limit the payment of cash to the experts it seems logical against the background of rising non-cash payments. According to Central Bank statistics, in the first quarter of this year, the number of active credit cards in Russia amounted to almost 165 million units, which is 18% higher than the previous year.

In January-March this year, the number of card transactions compared to the same period in 2017 rose by 37.5%, volume 30%.

Overall in the first quarter of the Russians have used maps 7 billion times, totaling more than 16 trillion.

Thus, the translation of the one Russian that was 48 operations on 113 thousand.

"In the interests of the Ministry of Finance and the Central Bank — total absence of cash payments. The less cash in circulation, the easier it will be to track the movement of liquidity and increase the effectiveness of tax policy", — says the managing partner of the expert group Veta Ilya Zharskiy.

But the regulators, by their actions, can discourage the growth of cashless payments. Now is the tightening of control over the operations of transfer of funds between accounts of natural persons, which ultimately will lead to the fact that part of the settlements between the employer and the contractor will go back to cash, he says.

This will encourage the reduction of funds in Bank accounts that the Treasury can not be happy, after all, such complicated control over the money flows in the economy.

"And given the heightened desire of the Ministry of Finance to improve tax collection at the expense of formalizing the "self-employed", the Ministry is important to reduce the volume of cash in circulation," sums up the expert.

Recently it became known that from 1 January 2019 in four Russian regions — Moscow, Tatarstan, the Moscow and Kaluga regions — there will be a new tax for self-employed and individual entrepreneurs without hired employees. The rate will vary from 3 to 6%. It will differ depending on who the entrepreneur renders services to individuals or legal.

As the analyst "Finam" Alexey Korenev, when discussing restrictions on cash payments is almost always in an example, given the highly developed countries of Europe and North America, where such a restriction in one form or another exist. However, it is usually a question about States where enough high population density, well-developed banking infrastructure and have years of experience in the use of cashless payments.

Despite the growth of cashless payments in Russia, a similar approach can be seamlessly implemented only in large cities, where retail outlets have long equipped with systems receiving cash payments, and the vast majority of the population actively use banking cards.

"Which cashless payments can be in the rural grocery store in a remote Siberian village or in a mobile shop once a week objasalsa chain remotest villages?" the analyst notes.

According to turn, Sergei Dejneka, financial analyst "BKS the Prime Minister", the legislative establishment of a specific limit is unlikely to accelerate the transition to cashless operations.

"Ultimately, the important thing is not how much money is to limit cash transactions, and that the transition to clearing in the country was most natural that the Russians deliberately refused to cash. For example, it can be promoted by banks, introducing such services to pay by card or smartphone was more profitable than cash, including thanks to the various discounts, bonuses, getting cashback," — said the expert.

At the same time, Ilya Zharskiy believes that the limitation of cash payments could be introduced before 2020. In his opinion, "it can be set to 100 or 150 thousand rubles depending on the experience of some countries seem closer to Russia".

So, in Ukraine the limit is set at 50 thousand, in Europe — at the level of 2 thousand euros, he adds.

Natalia Eremina


Tags: Russia , finances

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