Can I change a 500 euro note?

€500 banknotes are no longer issued Similarly, banks, bureaux de change and other commercial parties can keep recirculating the existing €500 notes. Like all denominations of euro banknotes, the €500 note will always retain its value and can be exchanged at a national central bank of the euro area at any time.

How rare is a 500 euro note?

500 euro banknotes represent only 2.4% of all euro banknotes in circulation, but this denomination represents almost 20% of the cumulative face value of all euro banknotes, or nearly €261 billion according to the European Central Bank.

Are 500 euro notes still valid 2021?

There are seven denominations of euro banknotes: €5, €10, €20, €50, €100, €200, and €500. Each denomination has a different size and colour. These banknotes are legal tender throughout the whole euro area.

Where can I exchange 500 euro bill?

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.

Why is the 500 euro note not accepted?

The UK had asked banks to stop using the notes in 2010 after it emerged they were popular among terrorists, money launderers and drug dealers. The €500 note had been nicknamed the “Bin Laden”, and was reportedly so prized by criminals that it traded above its face value.

Can I change 500 euro note in UK?

You will have great difficulty exchanging a €500 note. Since 20 April 2010 it has been banned from sale in the UK. It is the note of choice for organised crime, money laundering and terrorism. The Serious Organised Crime Agency led an 8 month study into the use of this note which led to the sale ban.

How do you check a 500 euro note?

The security thread is em bedded in the banknote paper. Hold the banknote against the light – the thread will appear as a dark stripe. The word “EURO” and the value (“500”) can be seen in tiny letters on the stripe.

Can I change a torn banknotes?

According to the new rules by the RBI, mutilated currency notes can be exchanged by the bank and no one can refuse to exchange. If you have tape pasted or mutilated notes and you are unable to use them, RBI has made rules to replace them. The torn notes are of no use and nor does anyone take them.

What can I do with a 500 Euro bill?

The €500 Euro banknotes will no longer be issued and they are no longer in circulation since 2019. Are the First Series old Euro banknotes still valid? The old Euro banknotes from the First Series remain valid, and they can be spent without problems in the Euro-zone and in the UK.