He lives on 500 euros Ticket his last hours? According to information from Reuters, reported by La Tribune, the European Central Bank (ECB) could stop the spread of tickets from 2018. The objective is clear: to remove this purple cut to the heart of many trades. Indeed, whether it is terrorism or money laundering, the 500 euro note is deemed to fund the crime.
In February, the European Commission had also denounced ” the high demand for tickets from 500 euros to organized crime. ” In the aftermath, Mario Draghi, who, as president of the ECB, have the right to remove denominations in circulation in the euro area, had emphasized his determination to “not make life easier for criminal organizations.”
This is done soon. Several tracks are examined to overcome the purple ticket. Banking sources told Reuters that most likely would stop printing and distribution in ATMs and bank branches in 2018. “Depositors could exchange their tickets without time limit”, while reports Tribune .
Germany headwind
If his death is to be considered, it should nevertheless be gradual. And because Germany has openly criticized the willingness of the ECB to remove that big cut. In a speech in London in March, Carl-Ludwig Thiele, member of the executive board of the Bundesbank in charge of fiduciary money, has defended the ticket: “Citizens should not automatically become suspects,” Has -it launched, arguing that the freedom of citizens would be impeded.
as explained Tribune , “Germany had put its weight behind the creation of the cutoff 500 euros, supposed to approach the value of the old ticket 1,000 mark and above attesting to the preference of the Germans for cash “.
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