The Governing Council of the European Central Bank (ECB) concluded a review of the denominational structure of the Europa series back in 2016. It was decided to permanently stop producing the 500 EURbanknote and to exclude it from the Europa series, taking into account concerns that this banknote could facilitate illicit activities. The issuance of the 500 EUR will be stopped around the end of 2018, when the 100 EUR and 200 EUR banknotes of the Europa series are planned to be introduced. The other denominations – from € 5 to 200 EUR – will remain in place.
ECB has decided to discontinue production and issuance of 500 EUR banknote
Europa series of euro banknotes will not include the € 500
EUR 500 banknote remains legal tender and will always retain its value
In view of the international role of the euro and the widespread trust in its banknotes, the €500 will remain legal tender and can therefore continue to be used as a means of payment and store of value.
The Eurosystem, which comprises the ECB and the euro area national central banks, will take steps to ensure that the remaining denominations are available in sufficient quantities.
The €500 banknote, like the other denominations of euro banknotes, will always retain its value and can be exchanged at the national central banks of the Eurosystem for an unlimited period of time.