4 May 2016. ECB has decided to discontinue production and issuance of €500 banknote. Europa series of euro banknotes will not include the €500. €500 banknote remains legal tender and will always retain its value. Today the Governing Council of the European Central Bank (ECB) concluded a review of the denominational structure of the Europa Very roughly determine what the unit of currency (euros, kroner, Swiss francs, or whatever) is worth in American dollars. For example, let's say the exchange rate is €1 = $1.10. If a strudel costs €5, then it costs five times $1.10, or $5.50. Ten euros, at this rate, would be about $11, and €250 = $275 (figure 250 plus about one-tenth more). Can a shopkeeper refuse to accept a 500 euro note? In most Eurozone countries, shopkeepers will by default refuse €200 and €500 euro banknotes. Shopkeepers are allowed to turn away customers paying with 200 and 500 euro notes when the purchase amount is lower than half of the banknote’s value. However Global Counterfeits knows a different route to your flourishing wellbeing. You can get fake euro notes from our website that closely resemble real ones. 20 euros, 100 euros, 200 euros, and 500 euros are a few of our ideal bills. With us, you’re free to control your spending and indulge yourself whenever you choose. @DCTLib Not true. There's a EU directive that means you have to accept up to 50 euro coins. In Germany shops are allowed to not accept large banknotes (200 and 500€) though as long as they clearly indicate this and the bill isn't appropriate to the bill (i.e. paying a 450€ bill with a 500€ note is fine, but paying for 60€ isn't), although that's a somewhat legal grey zone. People will still be able to deposit 500-euro notes into British bank accounts if they bring the notes back from abroad, SOCA said. The amount of 500 euros is equivalent to about $628. The new series will not include a €500 banknote in view of concerns that the note could facilitate illicit activities. The new €50, like the previously issued notes of the Europa series, will circulate alongside the banknotes of the first series, which remain legal tender. Euro banknotes will always retain their value and can be exchanged One euro is subdivided into 100 cents, similar to the dollar. EUR coins: Euro coins are available in denominations ranging from 1 cent to 2 euros. In Austria, it’s common to pay for smaller purchases with one and two euro coins. EUR banknotes: Euro bills range from €5 to €500. jj1OpS.