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by throwaway290 7 days ago
> Everyone in China has to and will accept cash in practice

False. If you say this as advice to anyone you are putting them in danger. Cash is a no go for most vendors and you may struggle to buy food if you only have cash. I was personally rejected numerous times and told to scan QR or go home.

> if you're talking about Russia, people are switching back to cash en masse

Also false. I don't know a single person to switch to cash. Friend of a friend lost bank card and was basically on QR for months, no cash no plastic.

Here is what I know:

- There are limits on dollars basically since the beginning of war. (Normal people aren't affected because they don't use dollars)

- There was apparently a brief scare that banks cannot satisfy if you want to withdraw a lot of ruble and then the gov quickly claimed it to be false (of course). The amounts were too high for any normal person.

- a bit of cash is helpful to help because censorship infrastructure caused internet hiccups so electronic payments occasionally don't go through, but it seems rare now

- in western regions people tend to carry more cash simply because mobile internet is regularly unavailable. After all if you can't access your banking app to pay for coffee while civilians in Ukraine across the border are getting bombed, it's a bit embarrasing.

Otherwise everyone is as cashless as usual, people moving money out of banks en masse is probably made up.

1 comments

I'm saying that as someone who traveled across China in a (legally and physically) hardest way possible, including crossing the Taklamakan Desert where I wasn't even supposed to be. I have no idea what you're talking about - I've been mostly using cash even in tier 1 cities for everything from motor oil to street food, with occasional mobile for things like DiDi. Hotels, some vendors and others east of the Hu line can turn you down just because you're a foreigner, they don't like cash but will accept it. West of the Hu line cash is the primary way, if you're in the middle of nowhere in Qinghai it can even be the only way.

>Also false. I don't know a single person to switch to cash.

I'm sorry but either you have a pretty specific circle or you're not living in Russia (Moscow isn't). I'm talking about private transfers, not x5 groceries. Electricians, plumbers, and other workers I happened to hire in the recent several months were all reluctant to deal with bank transfers. I advise reading the federal law 161 and the actual "enforcement" practice. I personally know two debanked people, both are elderly, one is a scam victim and another was trying to move her own savings. In the second case it took months of refusals, unclear procedures, and a metric ton of paperwork to get out of it, and it was only possible because I was helping.