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Denmark Ignores ECB to Ban 500-Euro Note in Dirty Money Battle - Bloomberg

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Denmark is ignoring a request by the European Central Bank and moving to ban 500-euro notes, as the Nordic country toughens defenses against money launderers.

From Denmark Ignores ECB to Ban 500-Euro Note in Dirty Money Battle - Bloomberg.

Yay! Go Denmark! There really is no excuse for printing such high value notes in the modern world. Perhaps it was once a reasonable aspiration to displace the $100 bills stuffed into drug dealers’ mattresses with €500 bills and thus redirect the proceeds of crime (the seigniorage earned on those bills) from the Fed to the ECB, but no more.

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