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ECB may finally deal a deathblow to the €500 bill
Is the end nearing for the 500-euro note, beloved of gangsters, money launderers and tax evaders? The likelihood that the valuable bill could soon be struck out of the euro family may be rising after Benoît Coeuré, a member of the European Central Bank’s executive board, told French daily Le Parisien that arguments for keeping the €500 bill are becoming “less and less convincing.” “We are actively considering the question and will take a decision shortly,” he said in the interview. “The competent authorities increasingly suspect that they are being used for illegal purposes, an argument that we can no ... (full story)