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500 € banknotes no longer printed

© Belga
© Belga

500-euro notes will disappear soon. Germany and Austria — the last two countries in the euro zone to still print these high-denomination European banknotes — stopped printing them on Friday.

The decision to cease the production of 500 € banknotes was taken by the European Central Bank (ECB) in 2016 to fight against terrorism financing, counterfeiting and money laundering. 

Apart from Germany and Austria, euro-zone countries ceased their printing on 26 January. The existing 500 € notes will still be legal and can be exchanged indefinitely.

The Brussells Times