Europe Prepares To Scrap 500 Euro Notes

       

Europe is likely to scrape 500 Euro's note at the realization that most of the bills in circulation are being hoarded in Russia, and is the currency of choice for criminals.
The European Central Bank Boss said the note is never been used by normal people to  'get a bite to eat'


The rarely-seen purple bill is one of the highest-value notes of any currency across the world and offers a rare concentration of purchasing power and global convertibility.
Mario Draghi, president of the European Central Bank, said law-abiding savers would not be penalised and could use the 200 euro note (£155) instead to hold their cash.