Kenneth Rijock in his blog reports that on January 27th all but 2 of Europe’s central banks will cease printing the €500 note, and the other 2, Germany and Austria, will stop on April 26th, according to reports.  He says that one survey found that a huge percentage of the notes were in Spain, in the hands of Russian organised crime syndicates.  It will remain currency of the realm (legal tender) indefinitely, but will no longer be printed, like the $500, which was last printed in 1945.

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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