In Lithuania, a proposed law introduced by three parliament members—Mindaugas Lingė, Gintarė Skaistė, and Ingrida Šimonytė—could prohibit all cash transactions between legal entities starting from just 0.01 Euros. The proposal has raised eyebrows and sparked outrage, particularly from the President of the Lithuanian Association of Accountants and Auditors, Daiva Čibirienė, who openly criticized the law on social media, revealing her disbelief that such a serious proposal could be presented and not dismissed as a joke.

The proposed changes suggest that while payments made in cash to individuals would still be permitted, they would be capped at 3,000 Euros—2,000 Euros lower than the current limit of 5,000 Euros. This amendment has been interpreted as a part of a broader policy initiative aimed at controlling cash flow in the economy and combating money laundering and tax evasion. However, critics argue that imposing stringent limitations on cash transactions could adversely affect small businesses and everyday financial practices.

Daiva Čibirienė highlighted the negative impact such regulations could have on normal commercial activities, emphasizing that minor cash transactions, such as those amounting to merely 0.05 Euros, should not be seen as violations of law. The public response suggests a significant concern among business owners and financial stakeholders about the potential complexities and burdens such legislative changes would impose on day-to-day operations. As the legislative process unfolds, it remains to be seen how advocates and opponents of the proposal will influence its outcome and whether a compromise can be reached that respects both regulatory intentions and practical business realities.