€500 bill goes under ban.

[Timelord2067]

Banks here in Australia are reluctant [1] to hand over $ 100 notes (our largest denomination) ATM's only dispense $ 50 notes or some building societies ATM's will only dispense $ 200 in 10 X $ 20 notes.

To fill a car's petrol tank costs about $60 - $75 so being able to slap a $ 100 note down and getting some change would be nice, but most people now are using their debit cards to pay for fuel.  Some debit cards have a Pay and Wave feature where you just tap the card on the receiver.  For transactions under $100 (ie to fill your car with petrol) there is no Pin number required.

In New Zealand it's an identical thing with the above (their fuel is about $ 2.20 per litre), except their Pay and Wave is limited to $ 80 (so less than to fill your tank with petrol) - but most petrol stations in NZ require you to pay for your fuel *before* you dispense it from the pump.

[1] Even if it is your own money...

[OROBTC]

500 euros are for Luxembourg Customers ... it's all.
Money landering only in this state (of eurozone).

That's not true.
The 500 euro bill is also very often in use in Germany.
The germans love to pay with cash.Especially for cars, kitchen, big purchases in general.
Back in the times of the Deutsche Mark there was the 1000DM note.
So big notes does not mean they only exist for shady businesses.


As if the ban of big notes every had stopped crime or money laundering.

True.  I have read that people in Germany buy used cars with the 500 euro bill.

Also true re crime...  Anyone want to try to explain that crime existed EVERYWHERE?

The USA used to have $500, $1000 and even a $10,000 bills back in the 1930s and 1940s.  They are still legal tender, but only collectors have them now.

Besides, a $1000 in the 1930s is worth LESS than $1000 now...

*   *   *

As Denker said, this is just part of the prelude to NIRP and the "War on Cash".  

I am actually a little surprised that bitcointalkers are OK with the €500 ban.  SOME people might like to THEIR spend money quietly...

[Meuh6879]

Some people don't have money detector to avoir fake bills ... Bitcoin is better for cash ... in discretion (bitmixer).

New century, human need evolve.

but be happy, cat always exist.

[7788bitcoin]

I went to Europe a while ago- Even €100 bills are difficult to use and money changer actually charged me €2 to exchange 100 into smaller notes...

[1Referee]

I went to Europe a while ago- Even €100 bills are difficult to use and money changer actually charged me €2 to exchange 100 into smaller notes...

It depends. For example; If you go to a super market and you buy stuff for like €8 and pay with a €100 bill, then of course they won't like it. If plenty of people do this, then they will soon run out of their lower valued bills. If you for example buy stuff for €70 and pay with a €100 bill, then it's not a problem at all.

I really don't mind seeing the €500 bill getting removed from the market as in 75% of the stores they don't accept €500 bills. If you want to spend it properly, you need to take your €500 bill to a bank and change it to smaller papers.

[Vika NSFW]

If you go to a super market and you buy stuff for like €8 and pay with a €100 bill, then of course they won't like it.

Wrong.
They will be happy to refill you with paper shit of €10 and €20.

Only bad placed shops with bad management have cash problems.