Are 500 euro notes still valid?

Are 500 euro notes still valid?

Circulating 500-euro notes remain legal tender and can continue to be used as a means of payment and store of value until further notice. Banks, bureaux de change and other commercial parties can keep recirculating the existing notes.

Why was the 500 euro discontinued?

The European Central Bank stopped producing the large, violet-colored €500 note in 2016, citing its use in “illicit activities” such as money laundering, tax evasion and terrorism financing.

What is a 500 euro bill worth?

about $570
The European Central Bank agrees with these concerns, but has moved slowly to address them. This month, most of the euro zone’s national central banks stopped recirculating the €500 note (worth about $570 at the moment).

Do UK banks accept 500 euro notes?

to be shocked it is not possible to cash a 500 euro note in UK22. The Euro is not legal tender in the UK.

Are there 500 pound notes?

The £500 pounds white note is the Bank of England’s second highest denomination. Hand-signed by the Chief Cashier, the five hundred pounds note features a seated Britannia, the classical figure representing the British isles. Like all white notes, the £500 bill is printed in black and white with a blank reverse side.

Can I use 500 euro note in Spain?

The Bank of Spain stopped issuing 500 euro banknotes in January 2019, although these banknotes will continue to be legal tender, so they may continue to circulate and be used as a means of payment and to buy and save, although no further notes are being printed.

How do you check a 500 euro note?

Hold the banknote against the light – the thread will appear as a dark stripe. The word “EURO” and the value (“500”) can be seen in tiny letters on the stripe. Euro banknotes include some high-tech security features. Always check several features.

How common are 500 euronotes?

The 500 euro is not being canceled entirely. Eurozone banks will continue to accept it as legal tender. As of June, there’s a little over 480 million of them still in circulation. But that number is dropping monthly; soon, they’ll be increasingly difficult to find.