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Currency

World news about “Currency” published by euronews.

05/05 17:22 CET

Tussle over 500 euro notes ends with slow phasing out

Tussle over 500 euro notes ends with slow phasing out

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…