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500-euro banknotes News

04 May 2016

European Central Bank scraps 500-euro note

The European Central Bank on Wednesday said it would stop producing and issuing 500-euro banknotes, amid fears that the violet-coloured bills were favoured by criminals for money laundering and even terrorist financing.

11 Feb 2016

ECB to decide soon on fate of 500-euro banknotes: Board member

Authorities increasingly suspect that the notes are being used for illicit purposes, "an argument we cannot ignore given the importance of fighting money laundering and the financing of terrorism," Coeure said.

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