Cash payments for apartments, cars, and lots would be restricted in a project being evaluated by the De la Espriella administration: Asobancaria supports evaluating it
World1 source1 country🔦 Under-reported23m ago
The Colombian government is evaluating a legislative project that would restrict cash payments for high-value transactions such as the purchase of apartments, cars, and lots. The proposed measure aims to ensure that such significant financial operations leave a traceable record.
Asobancaria, the banking association, has expressed its support for evaluating this restriction. The initiative marks a potential shift in how large asset purchases are conducted in the country by targeting cash usage in the real estate and automotive sectors.
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