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?
Here in my place in Germany you can get up to 100€ bills from the ATMs. Some shops do not accept 200€ bills, more have no restrictions.
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?
Old used cars etc. sold privatly are often done in cash. And then the person selling the car has to use that cash somehow as bringing it to the bank is usually a hassle or even impossible if the bank you use has closed nearly all in person shops.