The ECB decided not to issue banknotes of € 500. The decision was made due to the fact that this denomination is convenient to use the fraudsters, the regulator explained
The European Central Bank (ECB) decided to terminate the release of € 500 banknotes. This is stated in a report published on Wednesday, May 4, at the website of the ECB. It notes that this decision is due to “concern that a bill of € 500 facilitates illegal activity».
The issue of notes data is planned to stop before the end of 2018, when there will be put into circulation banknotes series “Europe” face value € 100 and € 200, the report said. The remaining banknotes – from € 5 up to € 200 – will continue to be released
«denomination of € 500 will be the official currency and can be used as means of payment.. Its value as the value of other euro banknotes, remains unchanged, and can be exchanged at any national central banks within the euro area for an indefinite period of time “, – stated in the ECB report
A series of” Europe. “- the second series of euro banknotes, which is introduced gradually. The first denomination of this series advantage € 5 was introduced in 2013, then in 2014 there were outstanding notes of this series at € 10, and in 2015 – the bill at € 20.
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