The five-hundred-euro note (€500) is the highest-value euro banknote; it was produced from the introduction of the euro (in its cash form) in 2002 to 2019. Since 27 April 2019, the banknote has no longer been issued by central banks in the euro area, but it continues to be legal tender and can be used as a means of payment.

The €500 banknote was not included in the Europa series and has not been issued since 27 April 2019. Like all denominations of euro banknotes, the €500 note will always retain its value and can be exchanged at any national central bank in the euro area at any time.

On 4 May 2016, the European Central Bank announced that a Europa series 500 euro banknote would not be released, due to fears of facilitating criminal activity. [5] [100] [101] "The ECB has decided to stop producing the €500 banknote, although the first series €500 remains legal tender." [99] The old series will gradually be withdrawn. [99]

Dec 16, 2016 · Since April 2019, 500 euro banknotes are no longer distributed. Only about 3% of circulating euro banknotes are 500 euro notes. In comparison, the 50 euro notes make up 45% of all circulating euro banknotes.

There are two series of euro banknotes. The first series comprises seven different denominations: €5, €10, €20, €50, €100, €200 and €500. The second, also known as the Europa series, consists of six denominations, as we decided to stop the issuance of €500 banknotes.

The 500-euro banknote is a large denomination note, physically bigger than the other five euro bills. It's violet-colored and has a face value of 500 euros. The 500-euro note accounts for just three percent of the total number of banknotes in circulation, but 28 percent of the total value, according to ECB statistics.

Learn about the 500 euro bill and its status as a legal tender in Europe, debunking myths and misconceptions surrounding its validity and usage.

May 4, 2016 · The European Central Bank (ECB) says it will no longer produce the €500 (£400; $575) note because of concerns it could facilitate illegal activities. The decision comes in the wake of a European...

Oct 6, 2019 · After 17 years of existence, the production of 500 euro banknotes will officially be closed on January 27th. The European Central Bank had made a decision in May 2016 on its outcome. 17 of the 19 european central banks will stop issuing the largest denomination in the euro banknote range.

May 5, 2016 · Europe’s top law enforcement officials maintain that the 500 euro banknote (worth about $576) makes it easy for criminals to launder money since it’s so easy to move around undetected.