EC can refuse banknote face value 500 euros

The chapter of European department on struggle against swindle, Giovanni Kessler, calls upon EC to refuse use of banknote by face value in 500 euros.

European Union should refuse banknote face value 500 euros, as its high face value does by its tool of corruption and other illegal activity.

500 euro

On it has informed the chapter of European department on struggle against swindle, Giovanni Kessler, in interview Reuters.

“Whether there is a demand for banknotes of such high face value, how 500 euros, especially in a view of what such banknotes can simplify significantly a life to swindlers?” — it has told.

European central bank in Frankfurt which produce euro, yet does not make comments on offer Kessler.

pack of 500 counterfeit euro
Рack of 500 counterfeit euro

In end of 2015 banknote face value 500 euros made 3% from the general turn (by quantity of banknotes), however at cost their fraction reaches 28%.

Banknotes, face value 500 euros, have been entered into reference since 2002. Among supporters of the given banknote there was Germany, and against her were France and Netherlands.

According to data of European central bank (2015), from a turn has been withdrawn the maximum quantity of false banknotes, from the moment of introduction of euro in 2002. The total of the withdrawn false banknotes has made 899 thousand.

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