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Abolishing the 500-note would be a logistical nightmare

Categories : Cash is trust
April 22, 2016
Published in : Cash circulation policies, Denomination mix, Europe, Legal tender, Usage
Abolishing the 500-euro note would cost 500 million, but would criminality really disappear?
Communication Team

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 denomination would cost the ECB 500 million euros – and this, without the certainty that it will reduce criminality.

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