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Because they were being used by criminal gangs to launder large sums of money.

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What is the largest denomination of euro currency?

The five hundred euro note is the highest value euro note in current circulation. It is one of the highest valued currency note in circulation. In October 2011, there were approximately 594,833,600 €500 banknotes in circulation.


How much Italian money is equal to a euro?

The Euro is Italian money. The Italian Lire was withdrawn in 1992.


What are Denominations of euro money?

The denominations of euro money include coins and banknotes. Euro coins come in eight denominations: 1, 2, 5, 10, 20, and 50 cents, as well as 1 and 2 euros. Euro banknotes are available in seven denominations: €5, €10, €20, €50, €100, €200, and €500. Each denomination features distinct designs representing European cultural heritage and architectural styles.


Is 500 pesetas worth anything in 2013?

In 2013, 500 pesetas was no longer in circulation as Spain had transitioned to the euro in 2002. The peseta was officially replaced at a rate of 166.386 pesetas to one euro. While the banknotes and coins could still hold some numismatic value for collectors, their face value was obsolete, making them worth only a small amount in euros, if anything at all.


What is the value of 1000 spanish pesetas in American dollars?

It works out at about 170 pesetas to 1 US dollar. However, Pesetas were withdrawn from circulation when Spain switched to euros in 2002. If your coins are relatively recent there's a small chance you may be able to find a large bank that might redeem them. Look at a site such as www.xe.com for exchange rates on obsolete currencies. If the coins are older there may be some that are of interest to collectors. You can determine the value of your pesetas (as the value of the US dollar vs the euro changes daily) and convert them through The Currency Commission. They also exchange most other pre-euro banknotes. http://www.TheCurrencyCommission.com

Related Questions

In1936 how much was 1 euro?

Euro does not exist in 1936. Euro banknotes and coins entered into circulation on January 1, 2002.


How long has the euro circulation been in?

The euro was introduced as an electronic currency for banking and financial transactions on January 1, 1999. Physical euro banknotes and coins entered circulation later, on January 1, 2002. Since then, the euro has been used by 20 of the 27 European Union member states as their official currency.


What is the largest denomination of euro currency?

The five hundred euro note is the highest value euro note in current circulation. It is one of the highest valued currency note in circulation. In October 2011, there were approximately 594,833,600 €500 banknotes in circulation.


What is the value of a repvbblica italiana L100 1966 coin?

it has essentially no value because the coins were withdrawn from circulation when Italy adopted the euro in 2002


When were national currencies replaced by the euro?

National currencies cease to exist in 1999 when the euro was first launched. However at this time existing notes and coins continued to circulate. The physical euro banknotes and coins where introduced on 1st January 2002 and previous national currency notes and coins where withdrawn from circulation. The national notes and coins ceased to be acceptable forms of payment by the end of February 2002.


What are the Spanish banknotes in circulation?

Spain is currently on the euro, which has notes in denominations of 5, 10, 20, 50, 100, 200, and 500.


What is french money callled?

French money is called the euro (€), which has been the official currency of France since January 1, 1999, when it was introduced for electronic transactions, and euro banknotes and coins were put into circulation on January 1, 2002. Before the euro, the currency used in France was the French franc (FRF).


What is the value of a repvbblica italiana L100 coin?

it has essentially no value because the coins were withdrawn from circulation when Italy adopted the euro in 2002


When did Ireland change over to euro?

The euro became the Irish states official currency on the 1st of January 1999 but the punt wasn't withdrawn from circulation until 1st January 2002.


Does the Euro currency expire if it has 2002 written on it?

No, Euro banknotes do not expire based on the year printed on them. The date 2002 indicates the year the Euro was introduced, but the currency remains valid as long as it is in circulation and not replaced by newer versions. The European Central Bank continuously ensures that all valid Euro notes are accepted for transactions, regardless of their printing year.


When did Ireland convert to the single currency?

the euro became the Irish states official currency on the 1st of January 1999 but the punt wasn't withdrawn from circulation until 1st January 2002.


What are on the back of Europe's banknotes?

The Euro banknotes are similar all throughout the EU, unlike the Euro coins. The back of the banknote consists of some aqueducts as well as some bridges, depending on the value of the note.