Europe has stopped issuing 500 euro bills to prevent money laundering

The 500-euro banknotes, for their high value, were among the highest in the world, below Singapore's $ 10,000, or $ 7350 and 1,000 Swiss francs, estimated at about $ 1010.

The European Union has decided that the so-called "Binladen" Do not go around because it has been used for years for money laundering, drug trafficking, terrorism and other illegal activities. The authorities have confirmed the link between these practices and the notes.

500 euros

Europe has stopped printing the 500 euro banknotes

In the world, the 500 euro banknote is one of those that accumulates the most value. That, coupled with the fact that it's easier to get that Singapore dollars and Swiss francs, it has made it the preferred target of traffickers and corrupt terrorists.

According to information provided by the US Federal Reserve and the European Central Bank, $ 1 million (100 bundles of 100 US $ 100 bills) weigh exactly 10 kilos, while notes) only 2.2 kilograms. In other words, the equivalent of about $ 1,140,000 just weighs 22% of what is worth $ 1 million. That's why it's the favorite of organized crime.