Europe Central Bank to halt production of 500-euro bills
FRANKFURT- Production of the 500-euro banknote is being discontinued amid concerns it had become too popular among crooks and money launderers.
The European Central Bank, the monetary authority for the 19 countries that use the shared currency, made the decision at a meeting Wednesday.
The ECB said it was taking into account concerns that the banknote, which is worth around $580, "could facilitate illicit activities."
