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Tuesday, Jul 16, 2024

Mediapool

500 euro banknotes, linked to corruption scandals, still fuel global organized crime according to ECB data.

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[This is an automatically generated summary, for reference only]

The 500 euro banknote, which was involved in high-level political corruption scandals in Bulgaria, continues to fuel organized crime globally, particularly in Europe. Data from the European Central Bank as of May 2024 shows that 254 million banknotes with a denomination of 500 euros (totaling 127 billion euros) are still in circulation five years after its official discontinuation on April 27, 2019.

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PULSE is an initiative for cross-border collaborative journalism in Europe co-funded by the European Commission under Grant Agreement n. PO 4500158093.

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