Kenneth Rijock

Kenneth Rijock

Wednesday, May 17, 2017

IS WHITE PAPER PROPOSING THE ELIMINATION OF HIGH VALUE NOTES FLAWED ?




There has been a lot of attention paid of late to a whitepaper, published last year, entitled Making it Harder for the Bad Guys: The case for Eliminating High Denomination Notes, by the Mossavar-Rahmani Center, at the Harvard Kennedy School. In my personal experience, eliminating large bills from circulation will only result in money launderers accessing alternative means of successfully moving the proceeds of crime, but I recommend that you review the article, before making your own decision on the subject.

The article can be found here.

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