€500 bill goes under ban.

[Vika NSFW]

Possible US Dollar/Euro change this week after €500 bill ban by BCE

[Amph]

last time i had one of those was in 2007, i never seen one in my hand ever since then, this promote money laundering that's why they are removing it

[pedrog]

I don't remember having one of those and have seen very few.

Not going to miss them...

[randy8777]

in all the years i have had only one €500 note in my hand and it wasn't mine. when i go to an atm the highest worthy note they give out is €50. i personally don't mind them getting rid of the €500 note.

[mrflibblehat]

Haven't seen one. And I don't think I'll miss it either.

[Meuh6879]

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

[Vika NSFW]

Not going to miss them...

€500 bills are 30% of Euros volume.

[Denker]

last time i had one of those was in 2007, i never seen one in my hand ever since then, this promote money laundering that's why they are removing it

And after that they will ban the €200 note, then the €100 note.
Ridicolous!
The really big guys don't launder money with those bills.
This is mostly done with the use banks shady offshore companies and faked contracts etc.
Everyone knows this.

What we see here are the first steps of a slowly starting process of trying to abolish cash.
Otherwise NIRP will not be very effective.

[Vika NSFW]

And after that they will ban the €200 note, then the €100 note.
Ridicolous!
The really big guys don't launder money with those bills.

they are very close to ban 200 and 100.

Just see the volume of $1.000.000. in €20 bills and in €500 bills

[Denker]

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.

[Vika NSFW]

So big notes does not mean they only exist for shady businesses.

Put here Your reason for €500 ban from BCE.

[romero121]

It is not correct. Every nation under Europe has used it. Nearly 23 countries using it. Just for a single state customers its been banned is not fair. Only after a long time research only they might have come to this decision and not because of one state.

[Meuh6879]

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.

  OK, that's good ... Bitcoin can make traction, now ... with 2 countries that are for cash.

El Revolution, El Capitan !
Viva Bitcoin-a !

[Racey]

On the other side of the pond.


Banking boss said note has just a 'little role' in the 'legitimate economy'
Claims scrapping £50 would reduce the £34billion in tax dodged each year
Over £13billion VAT evaded yearly, mainly through cash-in-hand payments
Currently 236million £50 notes in circulation compared to 2billion £20 notes


Banks are urged to ban £50 notes in a bid to end the cash-in-hand culture

Stupid reason if someone wants a fifty note banned, you can surely be paid in two twentys and one single ten pound note.

[Vika NSFW]

Just for a single state customers its been banned is not fair.

Try to have €500 bills in GB. They are just banned there.

[Zeke2345]

Will these become worth anything down the road?
Seems a bit high to speculate but I would love to have a wall of big banned bills.

Maybe I should just stick to harrassing people for change at garage sales if my magnet picks anything up.

[Raimonn]

If European Union decide to ban the 500€ notes (they will start soon to talk about if its necessary) , you will have a lot of time to change them for smaller ones. Only has a normal use in Germany, the other countries don't use to buy this big notes. The northern european countries use more the debit or credit cards to shop, and in Italy, France, Spain and Portugal you have limits about paying in cash.

[Vika NSFW]

If European Union decide

LOL

BCE is not "EU".

[Meuh6879]

EU is the BCE ... it's only a bunch of bankster at the end (with secretaries).
all law of the EU is created by the lobbyist only for industrial profit ... not by the people for the people.

[Raimonn]

If European Union decide

LOL

BCE is not "EU".

Yes sorry, BCE is not European Union, its European Central Bank, but BCE will ask the european countries that joined the monetary unity (Eurozone) about banning the 500€ note before taking a decision.