Central Bank

Going against the current trend of sacking high denomination notes, Bolivia will add a Bs500 to the new series, scheduled for 2018.

On May 5, the ECB decided to discontinue the production and issuance of the €500 banknote, after. a series of criticisms targeting the €500 and high-denomination notes more generally. The same critics are pursuing their claims and are now calling for the further elimination of high-denomination notes. Unfortunately, they are forgetting three things.

The Reserve Bank stopped issuing Zimbabwean dollars in 2009, following a period of hyperinflation. The currency was demonetised in 2015. The bank is being taken to the constitutional court on the grounds that it has failed to maintain the stability of the Zimbabwean dollar.

‘Do you trust cash as a mean of payment?’ Most of us have never asked ourselves this question as cash is deeply rooted in our daily lives; sometimes we use it without even noticing. Yet, behind all of our coins and banknotes there is a world of professionals who work to keep cash secure and accessible to all of us.

ECB has decided to discontinue production and issuance of €500 banknote. Europa series of euro banknotes will not include the €500. €500 banknote remains legal tender and will always retain its value.

Antique ATM machines are the highlight of CIB bank's 120th anniversary.

Should Japan adopt another strategy to fight deflation?

Bundesbank member Carl-Ludwig Thiele reacted to a proposal to set a limit on cash payments in Germany.

Former ECB Chief Economist quoting Fyodor Dostoyevsky, says "Money is printed freedom" and is against Germany’s proposal to set a limit on cash payments.