I know that the 500€ bill ceases to exist on the new series of bank notes (as they capped it at 200€) but those who possess the older series with that denomination can still use it as legal tender, but is it that common for Europeans to have a 200€ bill in their wallet? I’ve heard as to why they ceased on printing 500€ is mainly relating to both criminal activity or money laundering as that denomation has been abused as such.
200€ is the second highest one, although the older 500€ bill is no longer in circulation. Do ATM’s disperse either 500 & 200€ bills regarding cash withdrawals within that amount or do they just give that amount in smaller denominations equating to that much (like consisting of 20, 50 or 100€ bills)? If ATM’s don’t just give out a 200€ bill when withdrawing that much or more, does one have to visit a bank (branch) to get one?
Since I moved to Germany I noticed people under 80 paying with cash again. The other day I was in the supermarket and the customer in front of me paid with a €500 bill. The cashier coolly accepted the bill of undoubtedly criminal origin and handed back €400 plus in change.
What makes you so convinced it is a bill of criminal origin? To my knowledge Germany is generally still a cash-nation, moreso than other European countries
What’s the alternative plausible explanation?