The European Central Bank’s (ECB) initiative to examine the use of the €500-note by criminals has uncovered other issues that would arise with its abolishment. In fact, the Frankfurter Allgemeine Zeitung has estimated that ceasing the circulation of Europe’s largest denominationEach individual value in a series of banknotes or coins. More would cost the ECB 500 million euros – and this, without the certainty that it will reduce criminality.
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