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The Euro zone is also thinking about abolishing the 500 Euro bills to make dealing with "black money" a bit harder. I just don't really see that it would have
by the_duke 10y ago
The Euro zone is also thinking about abolishing the 500 Euro bills to make dealing with "black money" a bit harder.
I just don't really see that it would have such big impact. Sure, 500 E in 100 euro bills takes up 5 times more space (thickness is the same), which makes it harder to transport and easier to find. But still.
Just for the sake of curiosity, the height of 1 Million Euros:
100 Euro notes = 1 meter
500 Euro notes = 20 cm
(Dimensions are 147 * 82 * 1 vs 160 * 82 * 1 mm, so not that much difference)
I'm just not sure if that would actually have a meaningful impact.