The ECB “has decided to permanently stop producing the €500 banknote, taking into account concerns that this banknote could facilitate illicit activities” https://www.ecb.europa.eu/press/pr/date/2016/html/pr160504.en.html … (2016)
“Around one-third of the banknotes in circulation at the end of 2008 were used for transaction purposes, while the rest were either used as vault cash, a store of value in the euro area or held abroad.” https://www.ecb.europa.eu/pub/pdf/mobu/mb201104en.pdf … (p89)
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Clemens Fuest: “With fewer €500 notes available, the banks might be even more likely to do what the European Central Bank wants them to do, which is lend money rather than sitting on it” https://www.nytimes.com/2016/05/05/business/international/ecb-to-remove-500-bill-the-bin-laden-bank-note-criminals.html …
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Eurozone banks stop issuing €500 notes, but cash-loving Germany delayshttps://www.dw.com/en/eurozone-banks-stop-issuing-500-notes-but-cash-loving-germany-delays/a-47253814 …
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Denmark is ignoring a request by the European Central Bank and moving to ban 500-euro notes, as the Nordic country toughens defenses against money launderershttps://www.bloomberg.com/news/articles/2019-04-04/denmark-ignores-ecb-to-ban-500-euro-note-in-dirty-money-battle …
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