Tussle over 500 euro notes ends with slow phasing out

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  • Опубліковано 5 тра 2016
  • A big row over big money has ended with a compromise. The European Central Bank is to stop issuing 500 euro notes, but only from the end of 2018 due to resistance from Germany.
    The ECB had wanted to do away with the high-denomination bills for some time, concerned that they are being used by terrorists, drug dealers and money launderers.
    US and European law enforcement officials have said they are very popular with criminals, and France stepped up calls for them to be scrapped after last Nove…
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