The War On Paper Currency Officially Begins: ECB Ends Production Of €500 Bill

- The War On Paper Currency Officially Begins: ECB Ends Production Of €500 Bill
by Tyler Durden, www.zerohedge.com
Following the denial in February that this action is in any way about reducing cash, The ECB has made its decision on the EUR500 Bill:
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* ECB ENDS PRODUCTION AND ISSUANCE OF €500 BANKNOTE
* ECB SAYS ISSUANCE OF EU500 NOTE TO STOP AROUND THE END OF 2018
* ECB SAYS OTHER EURO BANKNOTES WILL STAY IN PLACE
* ECB: EU500 CAN BE EXCHANGED AT CEN BANKS FOR UNLIMITED TIME
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And just like that the second highest denominated European bank note in circulation (after the CHF1000 Bill) is dead…
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