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Draghi Could Scrap Biggest Note to Fight Crime and Deflation

  • EU push to abolish the 500-euro note targets criminal activity
  • Making cash less easy to hoard helps if rates go more negative
Loved or unloved? 500 Euro banknotes.
Photographer: Ulrich Baumgarten via Getty Images
Updated on

The days of the 500-euro note could be numbered, and not just because it’s the favorite of crime lords everywhere.

QuickTake Negative Interest Rates