Dutch PvdA wants to abolish 500 euro banknotes

Some news from my own country, the Netherlands. The PvdA, the dutch Labour party which is also part of the government at the moment, has proposed a withdrawal of the 500 euro banknotes from circulation. According to MP Henk Nijboer the largest euro banknote is primarily used by criminals and not by common people like you and me. 

Nijboer also points to Canada and the United States where large denominations have been pulled from the market at the advice of crime fighting organisations. This results in the euro slowly replacing the dollar as the number 1 crime currency. Nijboer has asked the dutch Minister of Finance (and newly appointed chairman of the Eurogroup) Dijsselbloem to promote his idea at the European Central Bank.

Steven Monday 28 January 2013 at 1:00 pm | | news
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