In my country (Romania) such limit exists for some years now. Just iirc it's about 10000 EUR / cash transaction, so 45000 RM.
And I can tell that I know only 2 cases average Joe faces these limits: when selling/buying a home (house, apartment) or a (new) car, which operations usually happen through bank / credit anyway.
So I think that it's not a real / big problem.