The curious fact about the 500 euro bills that exist in our country, despite the fact that many claim that they have never seen one in person.
In our daily lives we use all types of bills to carry out different transactions such as going shopping, some tickets which can range from 5 to 50 euros generally, and sometimes other bills such as 100 euros, although with less use.
In fact, there are many establishments that limit cash payments to 50 euro bills, making it practically impossible to use other types of larger bills such as 500 euros, which also exist, although few have seen them. .
The 500 euro banknotes were stopped being issued in Spain in 2019, but even so, 10.6 million are still in circulation in the euro zone, experiencing a drop of 22% between May of last year and May 2023.
But even if you have never seen a 500 euro bill, the data from the Bank of Spain is surprising in which they point out that even in our country there are 500 euro bills worth 5.3 billion euros.
And of the 10.6 million 500 euro notes in circulation in the euro zone, 50% are in Spainand that can have certain negative readings.
The 500 euro bills are still legal tender and although they can continue to be used in several specific professional sectors, the truth is that their use in most businesses is not allowed due to their high value.
As they are impractical for daily life, they have decided to withdraw them for many years, but there are still quite a few 500 euro bills circulating in the euro zone, especially in Spain.
These 500 bills euros They can be exchanged at the national central banks of the euro zone at any time, and the only thing they will ask you for is identification in order to prevent money laundering. After that, you will receive the same value in smaller bills.