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<p>[QUOTE=&quot;chrisild, post: 2412913, member: 39&quot;]The European Central bank has decided to phase the €500 note out. See today&#039;s <a href="http://www.ecb.europa.eu/press/pr/date/2016/html/pr160504.en.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.ecb.europa.eu/press/pr/date/2016/html/pr160504.en.html" rel="nofollow">press release</a>. The primary consequence is that the note will no longer be produced and issued. (Then again, the last time the German Bundesbank for example commissioned the production of €500 notes was seven years ago; the last or latest production in the euro area was in 2014, commissioned by the Austrian OeNB.)</p><p><br /></p><p>The notes will, however, continue to be legal tender. Practically that denomination is not used in everyday life, but some people (in the euro area and elsewhere) store their money this way, especially these days when interest rates are close to zero.</p><p><br /></p><p>The second generation euro notes will not include the 500 any more. The €5, €10 and €20 have already been replaced; this year the €50 will be presented. After that, the €100 and €200 ... and that was it. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Christian[/QUOTE]</p><p><br /></p>

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