Withdraw the €500 note
May 18, 2010
UK banks are no longer allowed to accept €500 notes, as they are mainly used by criminals.
The European Commission should examine the extent to which such notes are legitimately used, and to consider withdrawing the €500 note altogether.
Author : Stanley CrossickComments
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How about the European Central Bank, which has the exclusive right to authorise the issue of euro banknotes?
Indeed !! This a most timely decision by an EU member states to show its diffidence vis à vis the Euro ! But everyone is aware of the prudent management of UK banks …
Ralf
You are right of course
Stanley