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Withdrawal of €500 notes

According to the Central European Bank €500 notes will slowly be withdrawn from circulation from the 27th of January 2019 across Europe, except in Germany and Austria where use of these notes is more widespread.  As such they will continue to be re-issued until April this year to ensure a smooth and logical transition.

The bank urge people not to panic as they can continue to use any €500 notes in their possession.  However, if people are worried the notes can be exchanged for smaller denomination notes at local branches or the Bank of Portugal.


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