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The 500 euro bill hasn’t been produced since 2019. Apparently 25% of them were in circulation in Spain, despite the Spanish economy being only a fraction of th

by pavlov 2y ago

The 500 euro bill hasn’t been produced since 2019. Apparently 25% of them were in circulation in Spain, despite the Spanish economy being only a fraction of the eurozone.

mattmanser 2y ago
In the UK they heavily discourage even the £50 note (roughly €60/$63). We basically only use 5/10/20. Most shops won't take them and cash machines don't give them out. Which is pretty odd now given how high inflation got here for the last few years. Here's an article from 5 years ago saying that £50 notes were widely regarded as just used by criminals. https://www.bbc.co.uk/news/business-48993008 https://www.bbc.co.uk/news/business-48993008
- anonymousDan 2y ago
  Yes I found this strange coming from Ireland where (during the Celtic Tiger at least!) the minimum I ever seemed to get from cash machines was 50 euros.
- nitwit005 2y ago
  The same attitude is present in the US. You can occasionally find signs in stores in the US indicating they won't accept bills larger than $20: https://www.amazon.com/SmartSign-V-shaped-Businesses-Restaurants-Double-Side/dp/B0CCVTG6C4?th=1 https://www.amazon.com/SmartSign-V-shaped-Businesses-Restaur...
  - mjevans 2y ago
    The real root of the attitude should be "We don't accept transactions that would produce more than 20 USD in change." However the average person is an idiot so it's easier for them to just say they don't take 50s/100s. I guess arguably there's a greater incentive to try to use lesser bills to make larger ones, but that's what the watermarks and security strips are supposed to prevent.
  - potato3732842 2y ago
    It's always a lie though. You can't realistically start a register out with less than $100 of change for a few hour shift. Maybe $50 for really short shift or if there's a manager with safe access who can reload it.
    - nitwit005 2y ago
      The signs aren't about the amount of change in the register. It's that they'll refuse to take large bills.
  - cafard 2y ago
    Citibank ATMs will happily give you $100 bills if you don't specify otherwise. I prefer $20s, as less inconvenient for the store clerks.
tim333 2y ago
I bough and sold a flat in Spain around 2004 and it was standard then for part of the payment to be in cash for tax avoidance purposes. This was all done officially through regular Spanish lawyers and estate agents.

by pavlov 2y ago

The 500 euro bill hasn’t been produced since 2019. Apparently 25% of them were in circulation in Spain, despite the Spanish economy being only a fraction of the eurozone.

mattmanser 2y ago

In the UK they heavily discourage even the £50 note (roughly €60/$63). We basically only use 5/10/20. Most shops won't take them and cash machines don't give them out. Which is pretty odd now given how high inflation got here for the last few years. Here's an article from 5 years ago saying that £50 notes were widely regarded as just used by criminals. https://www.bbc.co.uk/news/business-48993008 https://www.bbc.co.uk/news/business-48993008

anonymousDan 2y ago
Yes I found this strange coming from Ireland where (during the Celtic Tiger at least!) the minimum I ever seemed to get from cash machines was 50 euros.
nitwit005 2y ago
The same attitude is present in the US. You can occasionally find signs in stores in the US indicating they won't accept bills larger than $20: https://www.amazon.com/SmartSign-V-shaped-Businesses-Restaurants-Double-Side/dp/B0CCVTG6C4?th=1 https://www.amazon.com/SmartSign-V-shaped-Businesses-Restaur...
- mjevans 2y ago
  The real root of the attitude should be "We don't accept transactions that would produce more than 20 USD in change." However the average person is an idiot so it's easier for them to just say they don't take 50s/100s. I guess arguably there's a greater incentive to try to use lesser bills to make larger ones, but that's what the watermarks and security strips are supposed to prevent.
- potato3732842 2y ago
  It's always a lie though. You can't realistically start a register out with less than $100 of change for a few hour shift. Maybe $50 for really short shift or if there's a manager with safe access who can reload it.
  - nitwit005 2y ago
    The signs aren't about the amount of change in the register. It's that they'll refuse to take large bills.
- cafard 2y ago
  Citibank ATMs will happily give you $100 bills if you don't specify otherwise. I prefer $20s, as less inconvenient for the store clerks.

tim333 2y ago

I bough and sold a flat in Spain around 2004 and it was standard then for part of the payment to be in cash for tax avoidance purposes. This was all done officially through regular Spanish lawyers and estate agents.