Wednesday , May 5 2021

Börse Express – There are still many accounts of 500 euros in circulation



A good year and a half after the end of the note of 500 euros, over 300 million banknotes issued by the Bundesbank worth about 150 billion euros are still in circulation. This was reported by the newspapers of the Funke media group (Monday), citing a response from the Federal Ministry of Finance at the request of FDP financial expert Marcus Herbrand. Accordingly, when the banknote was last issued at the end of April 2019, there were almost 350 million notes in circulation worth about 175 billion euros.

“Available figures show that the 500-euro banknote will probably be in circulation for a long time to come,” Herbrand said. He does not see a trend towards increased exchange of 500 for other banknotes.

The European Central Bank (ECB) has decided to stop producing and issuing the 500-euro banknote. The 500 in circulation remain a legal tender and can be exchanged at the national central banks in the euro area without a time limit.

Proponents of her case have been working to make the actual transcript of this statement available online. Proponents of her case have been working to make the actual transcript of this statement available online. Experts doubted this. According to the report, the Bundesbank can not accurately measure how many notes are now napping in safes in Germany – it estimates a value of 25 to 35 percent. / Hogo / DD / miss

AXC0063 2020-12-06 / 15: 27

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