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They literally did not. 500s are still currency, they just stopped printing them.
by Y_Y 2y ago
They literally did not. 500s are still currency, they just stopped printing them.
- whycome 2y agoI think that’s what was implied. Canada “got rid of” the $1000 bill but it’s still legal tender. Canada also got rid of the penny, but it remains legal tender. Banks will take them if vendors don’t.
- sigmoid10 2y agoGerman Marks can also still be swapped for legal tender. That doesn't mean it is possible to use them like the Euro.
- Y_Y 2y agoSo not like the 500 euro note either, which is legal tender already.
- Kon-Peki 2y agoBy 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.
- sigmoid10 2y agoThis is simply wrong.