BRUSSELS (Reuters) - The European Union should consider banning 500 euro notes because their high value makes them too useful a vehicle of corruption and other illegal activity, the head of the EU ...
BERLIN - Cash still rules in Germany, both in bank accounts and in wallets. But a confluence of negative interest rates and the phasing out of the 500-euro banknote could throw a wrench into the ...
The European Central Bank is discontinuing the 500 euro bank note, making the 200 note the euro’s highest denomination. The ECB will phase out the note by 2018, but for now, it’s still considered ...
Out of concern over crime, the European Central Bank plans to stop producing 500-euro banknotes, but it won't actually stop issuing the bill until the end of 2018. Above, 500-euro notes stacked in a ...
This marks the beginning of the end of the 500 euro bill. The European Central Bank announced Wednesday that it will phase out the 500 euro banknote because of concerns that this banknote “could ...
This marks the beginning of the end of the 500 euro bill. The European Central Bank announced Wednesday that it will phase out the 500 euro banknote because of concerns that this banknote “could ...
The eurozone is moving to stop printing 500-euro banknotes, the violet-coloured bills that authorities fear are favoured by criminals, with most of the 19 nations in the currency bloc to halt issuing ...
FRANKFURT, Germany — A suitcase stuffed full of cash may soon be worth a lot less. In a move aimed at hampering cash transactions by terrorists, drug dealers and money launderers, the European Central ...
FRANKFURT—The European Central Bank on Wednesday said it would stop printing the 500-euro banknote but the note would remain legal tender. In an expected move, the central bank said it wouldn’t ...
The days of the eurozone's highest-denomination banknote are numbered. The Governing Council of the European Central Bank meeting on Wednesday decided the 500-euro banknote would have to go by the end ...
The infamous €500 note, long associated with money laundering and tax evasion, is to be phased out by the European Central Bank. The ECB decided to permanently stop producing the so-called “Bin Laden ...