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From 27 January, only two central banks in the euro zone will issue banknotes with a nominal value of 500 euros and, as of April, they will cease to issue at all.
This is what France24 relates to the message of the European Central Bank, which conveys "the European truth".
"As of 27 January 2019, 17 out of 19 national central banks in the euro area will cease to issue 500 euro banknotes," the ECB reported. 19659003] Austria and Germany will continue to issue tickets in the amount of EUR 500 until April 26 to ensure a smooth transition and reasons logistics.
The previously issued 500 euro notes are still in circulation and are legal tender.
The ECB announced its intention to stop issuing 500 euro banknotes in May 2016, claiming that these notes were most often used in criminal activities.
Given their high value, these notes are often used in money laundering and terrorist activity financing.
It should be noted that a 500 euro note is one of the most valuable bank notes in the world, in addition to a ticket in thousands of Swiss francs (equivalent to 888 euros).
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