ECB Wants Proof That 500-Euro Note Helps Criminals, Mersch Says

  • Assertions by law-enforcement officials aren't enough for ECB
  • Banknote policy was branded ‘shameless’ by Goodhart last year

Loved or unloved? 500 Euro banknotes.

Photographer: Ulrich Baumgarten via Getty Images

European Central Bank officials want to see evidence that high-denomination euro banknotes facilitate criminal activity rather than relying on unproven assertions, Executive Board member Yves Mersch said.

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