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Are 500 euro notes still accepted?
The 500 euro is not being canceled entirely. Eurozone banks will continue to accept it as legal tender. As of June, there’s a little over 480 million of them still in circulation.
Are 500 euro bills accepted?
Circulating 500-euro notes remain legal tender and can continue to be used as a means of payment and store of value until further notice. Banks, bureaux de change and other commercial parties can keep recirculating the existing notes.
Where can I exchange a 500 euro note?
Euro. You have one or more high denomination banknotes (€500, €200 or €100) and you would like to exchange them for lower denominations: you can call in at a Banque de France cash centre open to the public.
Can I use 500 euro note in Spain?
The Bank of Spain stopped issuing 500 euro banknotes in January 2019, although these banknotes will continue to be legal tender, so they may continue to circulate and be used as a means of payment and to buy and save, although no further notes are being printed.
What do I do with a ripped 500 note?
As per RBI, a mutilated note is a note of which a portion is missing or which is composed of more than two pieces. Mutilated notes may be presented at any of the bank branches. The notes so presented shall be accepted, exchanged and adjudicated in accordance with Reserve Bank of India (Note Refund) Rules, 2009.
Can I sell my old 500 rs note?
To sell notes online, you have to go to the website oldindiancoins.com. Register as a seller and take a clear photo of your old Rs 500 note and upload it on the platform. You will be then contacted by the people who are interested in purchasing the notes after seeing your ad.
Will shops accept a ripped note?
While others are accidentally ripped and teared, causing shops to stop accepting them. But there is a way to swap your managed note without losing out on any cash. The Bank of England has a dedicated Mutilated Notes service which helps reimburse people with accidentally damaged, mutilated or contaminated banknotes.
Is the 500 euro note still in circulation?
The €500 Euro banknotes will no longer be issued and they are no longer in circulation since 2019. Are old Euro banknotes from the First Series still valid? The old Euro banknotes from the First Series remain valid, and they can be spent without problems in the Eurozone.
What will happen to the €500 note after 2018?
On May 4th 2016, the European Central Bank has decided to permanently end the production of the €500 banknote by the end of 2018. On the other hand, the circulating €500 banknotes will still remain legal tender and retain their value even after 2018. What’s behind such decision and what are the consequences for the European citizens?
Can a shopkeeper refuse to accept a 500 euro note?
In most Eurozone countries, shopkeepers will by default refuse €200 and €500 euro banknotes. Shopkeepers are allowed to turn away customers paying with 200 and 500 euro notes when the purchase amount is lower than half of the banknote’s value.
When will the European Central Bank stop printing €500 notes?
The European Central Bank had made a decision in May 2016 on its outcome. 17 of the 19 european central banks will stop issuing the largest denomination in the euro banknote range. The only left countries that will continue to print a €500 banknote are Germany and Austria, but just until April 2019!