6 hours agoYou don't find 500 euro bills in Germany from now on
Periskopi(7 years ago)
(7 years ago)Germany has decided from today to gradually remove the use of 500 euro currency in cash. I prefer cash for large sums, it doesn't mean I'm dealing with anything suspicious, Rolf says, a 61-year-old nurse interviewed in Frankfurt, who has even paid for an Ocasia machine with [...]
Germany has decided from today to gradually remove the use of 500 euro currency in cash.
I prefer cash for large sums, it doesn't mean I'm dealing with anything suspicious, Rolf, 61-year-old nurse interviewed in Frankfurt, who's even paid a large-cut operation in euros.
He describes it as difficult to accept the European Central Bank's decision to cut off the release of 500 euros from 17 of the 19 National Central Banks. Only Germany and Austria's banks will continue until April 26th to ensure a slight transition period, according to the ECB.
If you have any bills left under your mattress, there's no reason to panic. The 500-euro cuts will be delivered to the Central Banks and replaced by smaller cuts.
Most European countries prefer credit payments, not cash. That's because you can't afford to mishandize, steal or even circulate fake money. /Periscopi
