2023-08-24 12:55:00
The largest of the euro banknotes is in clear decline: according to the Bank of Spain, last May only one remained in circulation 10.6 million, the lowest figure since the arrival of the single currency, having experienced a decline of 1.8% in just one month and 22% in one year.
Do you have this coin? It could cost more than 150,000 euros
In Spain, a country where these tickets stopped being issued in 2019, there are 5.3 billion euros in circulation in 500 notescompared to the 6,800 million that were there in May 2022.
Of course, they are still legal tender, but since 2016 the European Central Bank charged them with the cross that they could be used for criminal or illicit activities, agreeing to stop producing them, they are doomed.
Also due to their value they are impractical for daily life and it is difficult to ‘place’ them. In this sense, it can be remembered that they can be changed at any time and in any bank branch. In these offices, after checking the validity of the notes and identifying the person who delivers them, in order to avoid money laundering, there will be no impediment to receiving the same value in smaller notes.
#Surprise #euro #notes #happened