The €500 is dead. Long live the €500!
May 14, 2016
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.