Comment by sigmoid10
The EU literally got rid of the 500 Euro bank note because it was primarily used by criminals for evading the law.
The EU literally got rid of the 500 Euro bank note because it was primarily used by criminals for evading the law.
By making the Mark convertible to Euro indefinitely, Germany decided that it would be the only Euro-zone country that wasn’t going to participate in the confiscation of what turned out to be billions from their own citizens. It’s called seigniorage and has been a thing since Roman times or even before.
They literally did not. 500s are still currency, they just stopped printing them.